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Hyundai Nexo Fuel Cell Electric Goes On Sale in South Korea

Hyundai Nexo Fuel Cell Electric Goes On Sale in South Korea

Snapshot: Hyundai Nexo prices start from 68,900,000 KRW (Around Rs. 42.08 Lakhs) for the Modern trim and 72,200,000 KRW (Around Rs. 44.09 Lakhs) for the Premium trim.

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Hyundai NEXO fuel cell electric vehicle has gone on sale in Korea with prices starting from 68,900,000 KRW (Around Rs. 42.08 Lakhs) for the Modern trim and 72,200,000 KRW (Around Rs. 44.09 Lakhs) for the Premium trim. Prior to retail sales commencing, the NEXO had been met with wide public interest, with a total of 1,061 vehicles being ordered throughout the pre-order period between March 19-26, 2018. Just on the first day of pre-order availability, Hyundai NEXO fuel cell recorded order of 733 vehicles. Pricing of Hyundai NEXO for overseas market will be disclosed at later date close to their market launches.

Hyundai Nexo Fuel Cell was recently showcased at the India-Korea Business Summit in Delhi!

“We are witnessing a historic day as fuel cell technology is being commercialized in large quantities. With this positive beginning, we will continue our efforts in overseas markets to support fostering the newly developing fuel cell vehicle market”, said Byung Kwon Rhim, Executive Vice President of Hyundai Motor Company in charge of Global Operations Division. On the same day, Hyundai delivered the vehicles to both local governments of the city of Ulsan and Gwangju in Korea. The ceremony in Ulsan took place at the hydrogen house, created through joint efforts from Hyundai and Ulsan city, while in Gwangju the ceremony took place at the newly built DongGok hydrogen multi energy station.

Hyundai also introduced new measures to encourage the further spread of fuel cell electric vehicles by announcing a 10-year, 160,000km warranty for fuel cell components of fuel cell electric vehicles sold in Korea. Furthermore, Hyundai announced it has secured personnel and equipment to service Hyundai NEXO vehicles in all of its 22 service networks in the Korean market. The Government is providing subsidy on the purchase of Nexo which could reach a maximum of 35,000,000 KRW (Around Rs. 21.37 Lakhs), with a central government’s subsidy for fuel cell electric vehicle of 22,500,000 KRW (Around Rs. 13.74 Lakhs) and a regional government’s subsidy ranging from 10,000,000~12,500,000 KRW (Around Rs. 6.11-7.63 Lakhs). The final purchase price could be as low as 33,900,000 KRW (Around Rs. 20.70 Lakhs) for the Modern trim and 37,200,000 KRW (Around Rs. 22.72 Lakhs) for the Premium trim.

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