South Korea offers hydrogen truck project as part of submarine contract bid, CTV reports
04/06/2026 12:56
South Korea offers hydrogen truck project as part of submarine contract bid, CTV reports SEOUL, June 4 (Reuters) - South Korea has offered to invest more than 3.1 billion Canadian dollars ($2.23 billion) to build hydrogen trucks and charging stations using Hyundai Motor 005380.KS technology to sweeten its bid to win a submarine contract, Canada's CTV news reported citing Seoul's presidential envoy.
South Korean shipbuilder Hanwha Ocean 042660.KS is in competition with Germany's TKMS TKMS.DE in a tender to supply Canada with a new fleet of submarines, estimated by industry sources to be worth more than $12 billion.
($1 = 1.3892 Canadian dollars)
(Reporting by Jack Kim; Editing by Sharon Singleton)
((jack.kim@thomsonreuters.com; +822 6936 1455;))