Hydrogen Partnership Between Hyundai Motor, Ulsan City, and Guangzhou City
Key Ideas
- Hyundai Motor, Ulsan City, and Guangzhou City signed a landmark agreement to establish a hydrogen ecosystem cooperation system, aiming to revitalize the hydrogen industry.
- The collaboration includes forming a hydrogen industry council, organizing quarterly meetings, sharing leading cases of hydrogen ecosystem establishment, and conducting joint research projects.
- Hyundai Motor emphasized the importance of the Chinese market for hydrogen electric vehicles and the role of Guangzhou as its overseas hydrogen fuel cell system production base.
- The agreement aims to promote various hydrogen projects, consolidate the cities' positions as leading hydrogen cities, and supply more than 1,000 systems by 2025.
Hyundai Motor, along with Ulsan City and Guangzhou City, signed a significant agreement to promote hydrogen collaboration at the Garden Hotel in Guangzhou, China. The key figures attending the event included officials from both cities and Hyundai Motor's CEO. The cooperation will involve the formation of a hydrogen industry council, regular meetings, and various projects to enhance hydrogen technology competitiveness. Hyundai Motor highlighted its role in mass-producing hydrogen electric vehicles and expanding hydrogen infrastructure, particularly in Ulsan City. This collaboration is deemed crucial for the growth of the Chinese market in hydrogen electric vehicles. Ulsan City's status as a pioneer in hydrogen infrastructure development and Guangzhou's initiatives to become a hub for hydrogen vehicles in China further strengthen the partnership. The joint efforts aim to advance hydrogen projects, promote hydrogen mobility, and supply over 1,000 systems by 2025, solidifying the cities' positions as leaders in the hydrogen industry.