Hyundai Nexo FCEV sales begin in South Korea

The Nexo is priced between KRW 68,900,000 and 72,200,000 (~ Rs 41.64 lakh – 43.63 lakh) in South Korea. However, after local subsidies, the final effective price is expected to be around Rs. 20.50 lakh – 22.50 lakh.

Hyundai Motor Company has begun sales of the Nexo fuel cell electric vehicle (FCEV) in South Korea.

Prior to the commencement of the retail sales, the Hyundai claims that the Nexo had met with wide public interest, with a total of 1,061 vehicles being ordered throughout the pre-order period between March 19 and 26, 2018. On the first day of pre-order availability, the Nexo recorded an order of 733 vehicles.

Hyundai has delivered the vehicles to both local governments of the city of Ulsan and Gwangju in Korea. The ceremony in Ulsan took place at the hydrogen house, which was created by the joint efforts of Hyundai and Ulsan city. In Gwangju, the ceremony took place at the newly built DongGok hydrogen multi energy station. Both local governments expressed their intention to expand hydrogen refueling infrastructure.

Hyundai has also introduced new measures to encourage the further spread of FCEVs. The company announced a 10 year, 160,000km warranty for fuel cell components to reassure customers of the durability and reliability of fuel cell electric vehicles sold in Korea. Furthermore, Hyundai announced it has secured both personnel and equipment to service Nexos in its entire South Korean service network.