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Hyundai Motor Group Breaks Ground on First Overseas Fuel Cell System Plant in Guangzhou

Hyundai Motor Group (the Group) today announced it held a virtual groundbreaking ceremony for HTWO Guangzhou, the Group’s first fuel cell system facility outside of Korea. The investment advances the Group’s global hydrogen leadership and supports its push into China’s rapidly developing hydrogen industry.

Participating in the virtual groundbreaking ceremony were Li Xi, Secretary of Guangdong Province, and Ma Xing Rui, Governor of Guangdong Province — both joining from Guangzhou Yuexiu International Congress Center in China — along with Euisun Chung, Hyundai Motor Group Chairman, and Saehoon Kim, Hyundai Head of Fuel Cell Center and Executive Vice President — both joining from Hyundai Motorstudio Goyang in Korea.

“The establishment of HTWO Guangzhou marks an important starting point for Hyundai Motor Group’s dedicated fuel cell system brand HTWO,” Chairman Chung said.

Hydrogen aspirations gain ground with HTWO Guangzhou

Hyundai Motor Group designated the production and sales hub ‘HTWO Guangzhou’ in line with the name of its dedicated fuel cell system brand. HTWO stands for ‘H2’, the hydrogen molecule, whilst also representing ‘Hydrogen’ and ‘Humanity’, the main pillars of the Group’s fuel cell business.

Facilities, including a fuel cell system plant and an innovation center, will be built on the 207,000-square-meter site.

Building toward a sustainable hydrogen society

In 2018, Hyundai Motor Group announced plans to expand its supply capacity to 700,000 hydrogen fuel cell systems annually by 2030, under its mid- to long-term hydrogen roadmap ‘Fuel Cell Vision 2030’.

Original article

Mar 02, 2021 at 11:16

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