Hyundai Motor Group Advances Hydrogen Strategy with New Fuel Cell System Plant in Guangzhou
Hyundai Motor Group (the Group) announced today that it signed an investment contract with the government of Guangdong Province to establish an offshore fuel cell system production facility in Guangzhou, China. The investment advances the Group’s global hydrogen leadership and supports its push into China’s rapidly developing hydrogen industry.
The plant will be the Group’s first fuel cell production base outside of Korea, with the initial capacity to produce 6,500 units of fuel cell systems per year. The Group will gradually increase the capacity in line with market demand.
China’s rapidly growing fuel cell system industry The Guangzhou plant will leverage the Group’s extensive expertise in fuel cell system production to secure a technological leadership position in China’s rapidly developing hydrogen industry.
Moreover, the Group will work with Chinese companies to participate in the Guangdong government’s hydrogen-related pilot project and initiatives, which will help Hyundai secure a competitive advantage in China’s hydrogen industry. Global companies from Japan, Germany, the UK and other countries have also been working with the Chinese partners to develop technology related to fuel cell vehicles and to advance the local hydrogen industry.
The Group’s hydrogen strategy As part of this plan, the Group aims to produce 700,000 fuel cells annually to meet demand from various industry sectors. The Group has decades of experience in fuel cell system development, having introduced the world’s first mass-produced fuel cell electric vehicle, the ix35, in 2013, followed by the second-generation NEXO, in 2018. The Group also successfully delivered the first seven units of its XCIENT Fuel Cell trucks, the world’s first mass-produced fuel cell electric heavy-duty truck, to customers in Switzerland in late 2020.
Jan 15, 2021 at 13:51