Highlights:

* Hyundai Motor partners with Incheon International Airport Corporation, Air Liquide Korea and Hydrogen Energy Network to accelerate fuel cell electric bus operations

* Hydrogen refuelling station is scheduled to be completed by March 2021

* Hyundai will provide financial support for construction, fuel cell electric buses and maintenance for the vehicles

SEOUL- Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to accelerate Incheon Airport's efforts to become a low-carbon eco-friendly airport. To that end, the four parties signed a memorandum of understanding to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport's Terminal 2 by March 2021.

Hyundai will support the construction cost of the hydrogen refueling station while providing fuel cell electric buses as well as their maintenance and service. Incheon International Airport will provide a site for the station and Hydrogen Energy Network will handle its construction and operation. Air Liquide Korea will provide two high-capacity hydrogen chargers and supply hydrogen gas.

Over the next five years, Hyundai's hydrogen-powered buses will gradually replace Incheon Airport's current fleet of internal combustion engine buses that shuttle between the terminals, long-term parking lots and logistics complex. The first batch of seven fuel cell electric buses will go into operation in the second half of this year, followed by three to five buses entering service annually.

'We expect Incheon International Airport to emerge as the world's leading eco-friendly airport with the new hydrogen refuelling station and introduction of fuel cell electric buses,' said Seong Kwon Han, President and Head of Commercial Vehicles Division at Hyundai Motor Company. 'The partnership across industries will be a stepping stone in bringing the hydrogen economy closer to daily lives. Hyundai Motor will continue to explore various ways to accelerate the hydrogen economy.'

The partnership is part of the Ministry of Environment's project to install hydrogen refuelling stations and subsidize privately financed infrastructure projects.

Hyundai Motor established a dedicated research team for hydrogen fuel cells in 1998 and in 2013 became the first global automaker to commercially produce fuel cell electric vehicles. The company first introduced its fuel cell electric buses for daily operation during the PyeongChang 2018 Olympic Winter Games. Since then, the company has supplied the buses to major cities in Korea - Busan, Changwon, Ulsan - as well the Korean National Police Agency.

About Hyundai Motor Company

Established in 1967, Hyundai Motor Company offers a range of world-class vehicles and mobility services in more than 200 countries. Hyundai Motor sold more than 4.4 million vehicles globally in 2019, and currently employs some 120,000 personnel worldwide. The company is enhancing its product lineup with vehicles designed to help usher in a more sustainable future, while offering innovative solutions to real-world mobility challenges. Through the process Hyundai aims to facilitate 'Progress for Humanity' with smart mobility solutions that vitalize connections between people and provide quality time to its customers.

More information about Hyundai Motor and its products can be found at:

http://worldwide.hyundai.com or http://globalpr.hyundai.com

Disclaimer: Hyundai Motor Company believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader.

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