Korea proposes Hyundai-led W3.4tr hydrogen project for Canada submarine bid

Korea has pitched a 3.4 trillion won ($2.2 billion) hydrogen truck investment package led by Hyundai Motor Group to the Canadian government as part of its bid to secure the country’s next-generation submarine contract.

In an interview with Canada-based broadcaster CTV News on Wednesday, Chief Presidential Secretary Kang Hoon-sik revealed details of the initiative, dubbed “Project Beaver,” which aims to establish a hydrogen mobility ecosystem in Canada using technology developed by Hyundai Motor ...