Hyundai Motor Acquires Hyundai Mobis' Hydrogen Business to Drive Innovation
Key Ideas
  • Hyundai Motor has taken over Hyundai Mobis' hydrogen fuel cell production to consolidate expertise and accelerate innovation.
  • The acquisition aims to enhance technology, quality, and price competitiveness in the hydrogen fuel cell business.
  • Hyundai plans to expand supply of hydrogen-electric vehicles and diversify into non-vehicle sectors like power generation and future air transportation.
  • The company's focus on the hydrogen ecosystem includes resource circulation hydrogen production and technology advancement.
Hyundai Motor has acquired Hyundai Mobis' hydrogen business to streamline operations and drive technological advancement. By integrating the hydrogen fuel cell production under its umbrella, Hyundai Motor aims to boost innovation and product development. The acquisition involves the establishment of a dedicated quality room and organizational structure to enhance manufacturing technology and ensure mass production quality. This move is expected to strengthen Hyundai's position in the hydrogen electric vehicle market and contribute to the growth of hydrogen-electric vehicle supply. Hyundai Motor plans to launch new models like the Nexo follow-up to solidify its leadership in this sector. Additionally, the company is looking to diversify its business into non-vehicle areas such as power generation, trams, ports, ships, and future air transportation (AAM). Hyundai Motor's strategic approach includes promoting resource circulation hydrogen production, driving technology development, and expanding the supply of commercial vehicles to establish leadership in the hydrogen ecosystem.
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