Hyundai Construction Equipment Co. is set to develop small-sized, hydrogen cell-powered forklifts. It will team up with S-Fuelcell Co., a local hydrogen fuel cell maker, to commercially produce 1-3 ton forklifts that will be powered by hydrogen cells by 2023, the subsidiary of Hyundai Genuine Co. said on Tuesday.
Hyundai Construction Equipment and S-Fuellcell to work in synergy
As per their deal, Hyundai Construction Equipment will produce the hydrogen forklifts, communication systems, and power pack control, while S-Fuelcell will be responsible for developing and delivering the hydrogen fuel cell power packs.
A regular forklift produces a range of harmful greenhouse gases, thus making these hydrogen fuel cell-powered forklifts much safer for both the operators and the environment, as the only emissions from a hydrogen fuel cell forklift are water and heat. On top of that, charging a hydrogen fuel cell forklift is quick, thus saving time and boosting productivity.
The hydrogen fuel cell power packs can last for 8 hours on a single charge.
Hyundai strives to solidify its position in the market further
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With this, Hyundai Construction Equipment Co. can further solidify its leading position in the now growing market for eco-friendly forklifts. S-Fuelcell can secure its stance as a stable supplier of hydrogen cells in the future.
In cooperation with Hyundai Mobis Co., South Korea’s biggest auto parts maker, Hyundai Construction Equipment developed 5-ton hydrogen fuel cell-powered forklifts in 2020, the South Korean construction machinery maker said.
“Hyundai Construction Equipment and Hyundai Mobis succeeded in developing the first 5-ton medium-sized hydrogen forklift truck in Korea in 2020. We will lead the eco-friendly logistics business by expanding our product lineup to a ~3-ton class small hydrogen forklift truck.”
Last month, Hyundai Heavy Industries Group set up its second sub-holding company Hyundai Genuine, with two construction equipment makers, Doosan Infracore Co. and Hyundai Construction Equipment.
The group completed a deal with Doosan Group to take over Doosan Infracore last month.
