Hyundai's Vision: Building South Korea's First Hydrogen Fuel Cell Plant by 2028
Key Ideas
- Hyundai Motor plans to construct its first hydrogen fuel cell systems plant in South Korea by 2028, marking a milestone in the country's transition towards sustainable energy solutions.
- The new facility, to be located in Ulsan, will support the production of hydrogen fuel cell systems for various vehicles, including the Nexo hydrogen fuel cell EV, Elec City bus, and hydrogen trucks.
- South Korea's government is investing 129.3 billion won to drive technology development for carbon neutrality, with a focus on renewable energy like hydrogen power and efficient nuclear plant operation.
- This initiative aligns with South Korea's commitment to reduce greenhouse gas emissions by 40% by 2030 and achieve carbon neutrality by 2050, addressing the growing energy demand and environmental challenges.
Hyundai Motor is set to establish its inaugural hydrogen fuel cell systems plant in South Korea by 2028, as disclosed by the company's labour union. The proposed plant, which will be the second of its kind globally for Hyundai, is slated to commence construction within the year at the Ulsan car manufacturing plant. The facility will be pivotal in producing hydrogen fuel cell systems for Hyundai's Nexo hydrogen fuel cell EV, the hydrogen-powered Elec City bus, and hydrogen trucks. South Korea's government is actively supporting such initiatives, earmarking 129.3 billion won to drive technology projects that promote carbon neutrality and ensure energy stability. With a focus on renewable energy technologies including hydrogen power and optimized nuclear plant operations, the country aims to meet its emission reduction targets and attain carbon neutrality by 2050. These efforts also address the escalating energy demands due to advancements in AI and other technologies, alongside the impact of climate change.