Hanwha Considering Entering U.S. Hydrogen Ecosystem After Nikola’s Successful Debut on Nasdaq
June 8, 2020 | 3 min read June 8, 2020 | 3 min readSEOUL– According to Senior Executive Kim Dong-kwan, who is leading the corresponding strategic initiative, Hanwha Group intends to make its first foray into the market for hydrogen fuel cell vehicles. In a statement, Hanwha said that its partnership with US start-up Nikola, which specializes in fuel cell and battery vehicles, was a great success, with the company’s share price closing at a record high on Tuesday, which increased its value to $12.2 billion. Its net profit in the first quarter of this year rose to about $750 million, compared with $500 million in the same period a year ago.
