Hyundai's Expansion into Hydrogen: Building a Fuel Cell Plant in Ulsan
Key Ideas
  • Hyundai Motor is constructing a hydrogen fuel cell plant in Ulsan, South Korea, with plans for mass production by 2028.
  • The Ulsan facility will boost production to 6,500 hydrogen-powered cars annually as part of Hyundai's strategy to expand hydrogen consumption.
  • Hyundai unveiled the INITUM hydrogen-powered SUV with advanced features like aerodynamic wheels, aiming for a 650km range on one tank.
  • Despite a positive outlook, concerns arose as Hyundai recalled 1,600 Nexo vehicles in the US and Canada due to potential hydrogen leakage issues.
Hyundai Motor is embarking on the construction of a hydrogen fuel cell plant at its Ulsan, South Korea facility, marking its third plant dedicated to fuel cell production. The company aims to achieve mass production by 2028, with the capacity to manufacture systems for up to 6,500 hydrogen-powered cars annually. This move aligns with Hyundai's overarching goal to increase hydrogen consumption to three million tonnes per year by 2035, in accordance with global decarbonisation efforts. Recently, Hyundai introduced the INITUM, a hydrogen-powered SUV with cutting-edge features like aerodynamic wheels and a targeted range of 650km on a single hydrogen tank. Despite these advancements, Hyundai faced setbacks when it recalled 1,600 Nexo vehicles in the US and Canada due to safety concerns related to potential hydrogen leaks. The company's commitment to hydrogen technology remains strong, as evidenced by its continuous development of fuel cell capabilities and plans for further expansion in the automotive sector.
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