Hyundai Motor Company has acquired a hydrogen fuel cell business from the group's affiliate and auto parts supplier Hyundai Mobis at 217 billion won ($163 million) to consolidate the group's hydrogen energy efforts. The agreement, finalized on Friday, includes a complete transfer of assets, personnel, and operations related to Hyundai Mobis' domestic hydrogen fuel cell activities to Hyundai Motor Compa.
A couple of self-driving buses have begun their nighttime service linking the busiest areas in Seoul, the first regular late-night bus route served by automatic driving vehicles, city officials said Tuesday.
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The South Korean government is planning to double next year’s budget for subsidizing the purchase of hydrogen buses in an effort to expedite the establishment