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Doosan targets Korean Hydrogen Bus Market with new Models pending KGS Approval
HyAxiom Motors, a subsidiary of Doosan Fuel Cell, plans to launch two new hydrogen bus models in the first half of the year, pending approval from South Korea’s Ministry of Environment and the Korea Gas Safety Corporation (KGS). This move is expected to make Doosan the second player in the Korean hydrogen bus market after Hyundai Motor Group and represents a strategic effort to establish a strong foothold in the growing hydrogen-powered vehicle sector. The upcoming models include an 11-meter low-floor city bus and a high-floor intercity coach. Hydrogen motors-related products usually require KGS certification in order to be approved for import and sale in Korea.
HyAxiom Motors was founded in 2022 by the Doosan Group as a fully owned subsidiary of HyAxiom, the U.S.-based arm of Doosan Fuel Cell. The company’s market entry aligns with the government’s goal of increasing the number of hydrogen buses from the current 1,700 units to 21,000 by 2030. Hydrogen buses offer advantages such as driving ranges exceeding 500 kilometers and short refueling times, making them especially suitable for commercial applications. Doosan Fuel Cell also aims to improve its financial performance, having reported an operating loss of 1.7 billion won last year. With a hydrogen bus priced around 700 million won, the company sees this segment as a potential driver of profitability. At the group level, Doosan is also reinforcing its hydrogen strategy by integrating the Fuel Cell Power BU into Doosan Mobility Innovation.
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