Hyundai Motor, POSCO sign agreement to cooperate in hydrogen business
Posted : 2021-02-16 16:37
Updated : 2021-02-16 17:54
Hyundai Motor Group Chairman Chung Euisun, second from left, poses with POSCO Chairman Choi Jeong-woo, third from left, after signing an agreement cooperating on their hydrogen businesses at the latter s headquarters in Pohang, North Gyeongsang Province, Tuesday. Courtesy of Hyundai Motor Group
By Baek Byung-yeul
Hyundai Motor Group and POSCO have signed an agreement to propel their lucrative hydrogen businesses, they said Tuesday.
Hyundai Motor Group, the country s largest automotive group, said it has formed business ties with steel giant POSCO, under which the two companies plan to create an ecosystem for the hydrogen-related sector and seek possible business opportunities together.