Hopium books 1,000 pre-orders for hydrogen-powered car

Hopium Machina Alpha O prototype - hydrogen-powered sedan. Image by Hopium.

September 30 (Renewables Now) - France-based carmaker Hopium on Tuesday said it has booked pre-orders for 1,000 units of its hydrogen-powered sedan called Hopium Machina.

The order book was opened in June when the first rolling prototype was presented in Paris. The company's first model was announced in October 2020.

The price for the vehicle was announced from EUR 120,000 (USD 139,847), which means that Hopium has secured turnover of EUR 120 million expected by 2025, when the cars are expected to be delivered.

Founded in 2019, Hopium has a target of reaching EUR 1 billion in sales by 2030.

(EUR 1 = EUR 1.165)

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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