If these problems grow in the hydrogen space then the demand for traditional EVs will grow more exponentially.
Our investment in COB will grow in value and our royalty agreement could well exceed an NPV of AUD50Mill.
Technical issues, lack of marketability, and the underdeveloped charging infrastructure are to blame. It was only a couple of days ago when The Korea Economic Daily reported on Hyundai's yet-to-be-confirmed decision to shut down its R&D center for combustion engines. Fast forward to today, we're hearing a somewhat similar report regarding hydrogen research. According to The Chosun Ilbo, plans to pursue a third-generation fuel cell stack have been abruptly halted.
2022: Turning point, page-5
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