Hyundai Nexo Fuel Cell Electric Vehicle Sales Begins Amid Wide Public Interest

27/3/2018

Hyundai Motor Company began sales of its Hyundai NEXO fuel cell electric vehicle today in Korea following very successful pre-orders.

Prior to retail sales commencing, the Hyundai 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 recorded order of 733 vehicles.

“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.

The pricing of the fuel cell electric vehicle is set at 68,900,000 KRW for the Modern trim and 72,200,000 KRW for the Premium trim in Korea. The Government subsidy could reach a maximum of 35,000,000 KRW, with a central government’s subsidy for fuel cell electric vehicle of 22,500,000 KRW and a regional government’s subsidy ranging from 10,000,000~12,500,000 KRW. The final purchase price could be as low as 33,900,000 KRW for the Modern trim and 37,200,000 KRW for the Premium trim.