Hyundai's Hydrogen Expansion in Guangzhou: China's Ambitious Plan for 1 Million Hydrogen Cars by 2035
Key Ideas
- Hyundai's hydrogen fuel cell production company, HTWO, in Guangzhou is part of China's push to accumulate 1 million hydrogen cars by 2035.
- The Chinese government's strong support for hydrogen cars is reflected in the establishment of hydrogen pilot cities and various support measures such as subsidies.
- Hyundai Motor aims to lead the Chinese commercial vehicle market with its early entry into hydrogen technology, leveraging its experience and high technology.
- The commercial vehicle market in China, estimated at around $250 billion, presents a significant opportunity for the future conversion to hydrogen cars.
In Guangzhou, China, 'HTWO', Hyundai Motor's hydrogen fuel cell production base, is a key player in China's ambitious plan to have 1 million hydrogen cars by 2035. HTWO, established by Hyundai Motor, operates as the first hydrogen fuel cell production base overseas, emphasizing the importance of hydrogen in the transportation sector. The facility, spanning 200,000 square meters, focuses on producing hydrogen fuel cells for commercial vehicles like buses and trucks. With the rise of hydrogen commercial vehicles in China, Hyundai Motor strategically positioned itself in Guangzhou due to the region's strong market demand and government support.
China's commitment to hydrogen cars is evident in the '14th Five-Year Plan,' designating Beijing, Shanghai, Guangzhou, Henan, and Hebei as hydrogen pilot cities. Support measures such as subsidies are in place to facilitate the transition to hydrogen vehicles. HTWO's head, Oh Seung-chan, emphasizes the complementarity of hydrogen and electric cars in achieving carbon neutrality.
Hyundai Motor's early entry into the hydrogen market and its emphasis on customer trust and technology aim to secure a leading position in China's expanding commercial vehicle market. With the market estimated at $250 billion, the potential for hydrogen commercial vehicles is promising. Hyundai Motor's strategic focus on Guangzhou showcases the region's significance in shaping the future of hydrogen mobility and its pivotal role in China's clean energy transition.
Topics
Public Transit
Government Policies
Clean Energy
Automotive Industry
Market Expansion
Commercial Vehicles
Manufacturing Infrastructure
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