Hyundai Motor has finalized the acquisition of Hyundai Mobis' hydrogen fuel cell business, consolidating its research and production capabilities to drive efficiency within the organization. This strategic move enables the Hyundai Motor Group to enhance its focus on the hydrogen business, with President and CEO Chang Jae-hoon emphasizing the company's commitment to expanding its presence in hydrogen production, technology development, and commercial vehicles powered by hydrogen energy. At CES 2024, Hyundai Motor showcased its ambitious plan to establish a complete hydrogen value chain, from production to storage and transportation, aiming to position itself as a leader in the global hydrogen market. The group's positive outlook on hydrogen energy is driven by its environmental benefits and versatility, highlighting hydrogen as a clean, infinite, and versatile energy source with advantages in storage and transportation. Hyundai Motor's history-making achievements in hydrogen mobility, including the mass production of hydrogen-fueled vehicles and the introduction of the XCIENT Fuel Cell Truck, have been well-received globally for their eco-friendliness. Looking ahead, Hyundai Motor plans to launch new hydrogen-powered vehicles, expand its portfolio to include trams, vessels, and advanced air mobility, and forge partnerships with industry players, research institutions, and governments to nurture a robust hydrogen ecosystem.