44 0

Euisun Chung, chairman of Hyundai Motor Co. SeongJoon Cho/Bloomberg. Hyundai Motor struck a deal with European chemical giant Ineos to explore joint development of hydrogen technology—giving a boost to the South Korea car giant’s ambitions in zero-emission vehicles. Ineos, which is run by founder and British billionaire Jim Ratcliffe , said on that it had signed a memorandum of understanding with Hyundai to explore producing and supplying hydrogen for commercial use. Hyundai, which is controlled by chairman and billionaire Euisun Chung , is one of the few major carmakers in the world that can mass-produce hydrogen fuel-cell vehicles—environmentally-friendly cars that only emit water vapor from their tailpipes. Full story

25 November