At Autocar Awards, Hyundai Nexo named a ‘game-changer’

Hyundai Nexo’s fuel cell electric powertrain offers the latest in fuel-cell electric vehicle technology.
Updated 29 May 2019
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At Autocar Awards, Hyundai Nexo named a ‘game-changer’

The Hyundai Nexo fuel cell vehicle has been named as a “game-changer” at the Autocar Awards 2019, in recognition of its zero-emission hydrogen fuel cell technology. 

Mark Tisshaw, editor of Autocar, said: “Hyundai has become a world leader in advancing alternative fuel technologies, and developing them to production maturity before its rivals. Hot on the heels of its Kona Electric — arguably a game-changer itself — Hyundai has quickly launched Nexo, a new, hydrogen-powered SUV you can buy right now. Actually, it’s the latest of several generations of hydrogen fuel cell Hyundais, launched while most car makers are still years behind.”

Nexo’s fuel cell electric powertrain offers the latest in fuel cell electric vehicle technology, with increased performance over its ix35 fuel cell predecessor. An on-board electric motor produces 163PS, drawing power from an under-bonnet fuel cell stack, which combines oxygen from the surrounding air with hydrogen from Nexo’s high-pressure storage tanks. The result is electricity to power the motor and charge the battery, and water vapor, which harmlessly exits through the exhaust. With full tanks of hydrogen on board, Nexo is capable of traveling 414 miles, before being able to refuel in just a few minutes.

Nexo also has an advanced air purification system, which filters 99.9 percent of very fine dust (PM2.5). The vehicle shows the exact amount of air purified on the display panel in the car. Nexo has also been independently awarded the UL Bio Environmental Seal for the use of biofibers from sugarcane waste and vegetable plasticizers in the headliner and carpet areas, bioplastics from sugarcane and corn waste in door, seat, pillar and console trims and bio paint extracted from rapeseed and soybean oils for the dashboard and center console.


ICD & We-Fi empower women entrepreneurs

Updated 2 min 18 sec ago

ICD & We-Fi empower women entrepreneurs

With the aim of discussing how the Islamic Corporation for the Development of the Private Sector (ICD) and the Women Entrepreneurs Finance Initiative (We-Fi) can expand their relationship and integrate the gender themes into ICD’s operations and businesses, a meeting was held between Ayman Amin Sejiny, CEO of ICD; Wendy Teleki, head of We-Fi secretariat; and Samir Suleymanov, director strategic initiatives, World Bank, at ICD’s premises in Jeddah recently. The parties discussed the development and promotion of women’s entrepreneurship through innovative sustainable solutions to increase women’s access to economic opportunities in developing countries. 

Teleki highlighted the main objectives of We-Fi, which is to support women entrepreneurs around the world through programs that provide financing, capacity building and also promote enabling environments that allow women to become entrepreneurs and grow their businesses. We-Fi uses an ecosystem approach to develop programs at the country level that will break down barriers and create more opportunities for women.

During the meeting, Ayman said: “ICD and We-Fi are working together to enhance their initiatives and mandates in supporting the female society in all ICD’s member countries. We want to ensure that our lines of finance and our relationship with the 102 directly connected financial institutions we are dealing with will further enhance the funding, training to women entrepreneurs and to provide the required necessary support to women in all our member countries.”

Teleki said that We-Fi has six implementing partners (IP) and the Islamic Development Bank (IsDB) is one of them. “IsDB, along with ICD is supporting women entrepreneurs in fragile countries. In Yemen, they have a very interesting ongoing program named BRAVE Women. They target to train up to 500 women to learn to develop business plans in fragile and high-risk contexts and up to 400 of them will get access to funding on a matching grant basis. This program aims also to develop the relationship between those women entrepreneurs with the local banks and also lead companies to make sure those women have access to finance and markets to grow their businesses. Moreover, the IsDB and ICD will be implementing soon this BRAVE Women program in two other countries to improve the women’s entrepreneurship potential in key economic sectors and we look forward to seeing those programs happening in future,” she said.

We-Fi is a global platform that seeks to support over a 100,000 women around the world in the next five years and mobilize at least $2 billion from the public and private sector for further activities.