Hyundai to Build Hydrogen Fuel Cell Plant in South Korea by 2028
Key Ideas
- Hyundai Motor Company plans to construct a hydrogen fuel cell plant at its Ulsan complex in South Korea by 2028.
- The new facility will focus on fuel stack production and fuel cell system assembly, expanding Hyundai's hydrogen efforts.
- Hyundai's Ulsan complex already produces a variety of vehicles, including hydrogen-powered models like Nexo and heavy trucks like Xcient.
- The move signifies Hyundai's commitment to hydrogen technology, following the launch of the 'HTWO' hydrogen value chain brand.
Hyundai Motor Company is set to establish a hydrogen fuel cell plant in South Korea as part of its ongoing efforts to promote hydrogen as an automotive fuel. The new plant, Hyundai's second globally, will be located within the Ulsan manufacturing complex and is expected to be operational by 2028. This facility will be dedicated to producing fuel stacks and assembling fuel cell systems. Hyundai's Ulsan complex, known for its high production capacity, currently manufactures various vehicles, including electric and hydrogen-powered models. Hyundai's focus on hydrogen is further highlighted by the upcoming launch of its successor to the Nexo, named 'IniSiium', and the production of hydrogen fuel cell heavy trucks like the Xcient. Additionally, Hyundai has consolidated its hydrogen technology operations and introduced the 'HTWO' hydrogen value chain brand, showcasing its commitment to advancing hydrogen technology and sustainable transportation.