Last July, we successfully shipped our first Xcient Fuel Cell vehicle,
and it received so much attention worldwide.
We are the first in the world
to successfully mass produce heavy duty hydrogen trucks,
This is real commercialization with daily operation of regular fleets.
There are no limits.
And with this launch,
Hyundai Commercial Vehicle officially enters the European market.
Xcient Fuel Cell is a 4X2 pull cargo truck
with a GCW(Gross Combination Weight) of 36 tons, including a trailer.
The driving range per charge is around 400km
and the refueling time is in the same league as diesel trucks.
Battery electric trucks have charging times way beyond our fuel cell trucks
and sacrifice payload due to heavy battery weight.
Last week, we handed over the first seven Xcient Fuel Cell tucks to seven different customers.
And by that we started the decarbonisation of heavy duty trucking.
Each truck saves 65 tons of CO2 per year.
Our 1,600 trucks will save over 100,000 tons of CO2 every year.
The energy paradigm has to shift to a near zero-carbon ecosystem.
One of the most powerful answers available to us today is Hydrogen.
And at the center of it all?
Our hydrogen powered Xcient Fuel Cell.
Ladies and gentlemen, the new hydrogen game has officially begun.
In Europe, We will ship 1,600 Hydrogen powered heavy duty trucks
and they will be on the road by 2025.
We are also planning a new one-year demonstration project
with a leading U.S. company that will kick off next year to explore market entry.
We are focusing on China's 4 major hydrogen hubs,
including Jin-jin-ji, Yangtze River Delta,
Guangdong Province, and Sichuan Province,
Starting with this meaningful first step today,
Hyundai Motor will take the lead
in making hydrogen fuel cell trucks run faster and in more places,
and accelerate the arrival of a global hydrogen society,
contributing to solving two critical issues - energy and environment.
From the world's first mass production of heavy duty hydrogen fuel cell trucks,
the world's first commercialization, to the first shipment to Europe,
we are now writing a new chapter in the history of hydrogen trucks.
Thank you.