Hyundai Motor Company Accelerates Hydrogen Innovation with Acquisition of Domestic Fuel Cell Business
Key Ideas
  • Hyundai Motor acquires hydrogen fuel cell business from Hyundai Mobis to enhance technological innovation and product development, consolidating resources under a new process quality unit.
  • The company aims to strengthen its position in the hydrogen ecosystem by focusing on production quality, operational efficiency, and advancing hydrogen fuel cell systems for various sectors beyond vehicles.
  • Hyundai plans to launch a follow-up model to the Nexo SUV, expand hydrogen businesses in non-vehicle sectors, and continue leading in the global hydrogen vehicle market with diverse offerings like hydrogen-powered buses and trucks.
  • Having a history of pioneering hydrogen vehicle development since 2013, Hyundai Motor Group remains committed to technological advancement and sustainable hydrogen production for a cleaner future.
Hyundai Motor Company has completed the acquisition of the domestic hydrogen fuel cell business from Hyundai Mobis to drive technological innovation and product development. The company established a new process quality unit to consolidate resources and enhance its organizational structure. Hyundai Motor aims to secure technological competitiveness in hydrogen fuel cells and expand the hydrogen ecosystem beyond vehicles. With a focus on production quality and operational efficiency, Hyundai plans to offer competitive hydrogen fuel cell products. The company also intends to launch a follow-up model to the Nexo SUV, diversify into non-vehicle sectors, and maintain leadership in the global hydrogen vehicle market. Through initiatives like hydrogen-powered buses and trucks, Hyundai is expanding its presence in commercial vehicles and advancing sustainable hydrogen production. Hyundai Motor Group's commitment to hydrogen technology dates back to 1998, with the company being a pioneer in mass-producing hydrogen-powered vehicles. The latest developments include hydrogen buses and trucks with impressive driving ranges across various countries, showcasing Hyundai's dedication to driving innovation in the hydrogen industry.
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