Hyundai Motor Company is bolstering its presence in the hydrogen market by announcing the construction of a second hydrogen fuel cell production facility in Ulsan, South Korea. The new facility will be located adjacent to the existing auto transmission manufacturing site at the Ulsan plant and is set to begin construction this year, aiming for mass production by 2028. This development marks Hyundai's second hydrogen facility after the one in Guangzhou, China, and the first of its kind in South Korea. The Ulsan facility will focus on producing hydrogen fuel cells to power Hyundai's Nexo SUV, Ele City buses, and trucks. The company currently sources its fuel cell systems from Unitus, a subsidiary of Hyundai Mobis, with plans to enhance domestic production capabilities. Additionally, Hyundai Motor will introduce the Initium hydrogen SUV this year, with a significant driving range on a single charge. The decision to expand the hydrogen business aligns with Hyundai's corporate goals as the company aims to integrate hydrogen systems into its vehicle lineup by 2028 and reduce the pricing of hydrogen cars to be more competitive with electric vehicles by 2030. This strategic move follows discussions with the Ulsan plant labor union, emphasizing a people-centered work environment and strong safety standards. The shareholders' meeting in March will see Hyundai Motor formalize its commitment to hydrogen business as a core objective, showcasing the company's dedication to sustainable growth and innovation in the automotive industry.