Hyundai Mobis, a part of Hyundai Motor Group, has completed the acquisition of the hydrogen business previously handled by Hyundai Mobis, consolidating responsibilities from R&D to production. This move aims to drive technological innovation and streamline processes within the hydrogen fuel cell sector. By integrating the hydrogen business, Hyundai Motor plans to enhance its competitiveness in the market, focusing on factors like price and fuel efficiency crucial for hydrogen electric vehicles. The acquisition is expected to boost the supply of hydrogen-electric vehicles, with plans for new models to be launched, including a follow-up to Nexo. Additionally, Hyundai Motor aims to diversify its business into sectors like power generation and shipping, aside from expanding its presence in the hydrogen electric vehicle market. Looking towards the future, Hyundai Motor Group is strategically building a hydrogen energy ecosystem through initiatives like the 'HTWO Grid Solution,' which leverages the collective strengths of group companies to develop the hydrogen value chain. This strategic acquisition reinforces Hyundai Motor's commitment to hydrogen and positions the group as a leader in the transition towards a hydrogen energy society.