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hyundai-motor-to-establish-hydrogen-energy-fund-with-btirdi
hyundai-motor-to-establish-hydrogen-energy-fund-with-btirdi

Hyundai Motor to establish ‘Hydrogen Energy Fund’ with BTIRDI

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Hyundai Motor has entered into a memorandum of understanding (MOU) with Beijing-Tsinghua Industrial R&D Institute (BTIRDI) to jointly establish a ‘Hydrogen Energy Fund’.

Under this agreement, the South Korean automaker and its Chinese counterpart expect to strengthen their influence in the hydrogen (H2) ecosystem whilst accelerating the advent of a ‘Hydrogen Society’.

The Hydrogen Energy Fund will be jointly operated by Hyundai Motor and Yield Capital, BTIRDI’s investment firm, with a goal to raise a total of $100m. The fund aims to attract investments from leading venture capital firms based in China, Europe, and the US.

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