Hyundai Motor Company and H2 Energy formed a joint venture.

Automobile company Hyundai Motor Company and H2 Energy, a hydrogen solutions company, formed a joint venture focused on hydrogen-powered trucks. Financial terms were not disclosed. With the establishment of Hyundai Hydrogen Mobility, Hyundai expects to gain a foothold in Switzerland, where the demand for fuel cell trucks is expected to grow from a stiff nationwide road tax on diesel trucks, which incentivizes fleet operators of diesel trucks to switch to zero emission vehicles.