Seeking Alpha

Hyundai to sell hydrogen-powered cars in the U.S.

  • Hyundai (HYMLF) will introduce a fuel cell-powered crossover in the U.S. next year as it backs hydrogen as a gas fuel alternative that can succeed.
  • Execs with the company say they can't turn a profit with battery EVs, while hydrogen offers a better future if future demand produces enough volume.
  • What to watch: Until charging infrastructure is built up in the U.S., hydrogen-powered cars will remain a novelty for major automakers such as Toyota (TM -0.5%) and Honda (HMC +0.4%) that favor the technology
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