Hyundai's Expansion into Hydrogen: Ulsan Plant to Lead Domestic Production Growth
Key Ideas
- Hyundai Motor is establishing its first domestic hydrogen fuel cell plant at its Ulsan factory, repurposing an idle site for hydrogen fuel cell assembly.
- The new facility, set to start operations in 2028, will produce fuel cells for 6,500 hydrogen cars annually, strengthening Hyundai's presence in the hydrogen sector.
- The Ulsan plant will integrate the stack and system manufacturing processes, enhancing production efficiency and cost-effectiveness, solidifying Hyundai's leadership in hydrogen technology.
- This move is part of Hyundai's broader strategy to expand hydrogen consumption and align with global sustainability goals, as it prepares to launch the successor model to the Nexo, named 'IniSiium.'
Hyundai Motor Co. announced its plans to establish its first domestic hydrogen fuel cell plant at its Ulsan factory, utilizing a previously idle site at the location. The plant, scheduled to begin operations in 2028, will mark Hyundai's second hydrogen fuel cell production base, complementing its existing overseas plant in Guangzhou, China. With a capacity to produce fuel cells for 6,500 hydrogen cars annually, this initiative signifies Hyundai's commitment to expanding its footprint in the hydrogen sector. The facility will combine both stack manufacturing and system manufacturing processes, enabling Hyundai to increase production efficiency and cost-effectiveness by integrating hydrogen fuel cell production and car assembly. Hyundai's strong focus on hydrogen technology is evident through initiatives like the Nexo, its hydrogen-powered vehicle, and the creation of the 'HTWO' hydrogen value chain brand. The Ulsan plant's establishment aligns with Hyundai's goal to boost hydrogen consumption to 3 million tons annually by 2035 and reinforces its position as a key player in sustainable transportation solutions. As Hyundai gears up to unveil the successor to the Nexo, named 'IniSiium,' and expand its hydrogen business, the company demonstrates a clear commitment to hydrogen technology and sustainable practices.