H2 Revolution
Global Competition refers to the rivalry among businesses, organizations, or countries on an international scale to attract customers, gain market share, and improve their economic standing. This competition occurs in various industries and sectors, as entities strive to offer better products, services, or prices than their competitors around the world. Global competition can lead to increased innovation, enhanced quality, and lowered prices for consumers, as businesses continuously seek to outperform one another. It is influenced by factors such as trade policies, technological advancements, currency exchange rates, and the presence of emerging markets.
Hyundai Motor Co., the leading automaker in South Korea, is taking strategic steps to strengthen its position in the competitive market of hydrogen-powered vehicles. The company has announced plans to…