Hyundai Motor Breaks Ground on Hydrogen Fuel Cell Production Facility in Korea

Core Viewpoint - Hyundai Motor Company has initiated the construction of a new hydrogen fuel cell production plant in Ulsan, South Korea, aiming to establish the country as a leader in the global energy transition [1][2]. Group 1: Strategic Importance - The groundbreaking ceremony was attended by key figures including Vice Chair Jaehoon Chang and various government officials, emphasizing the significance of hydrogen as a national strategic industry and the importance of public-private collaboration [2][3]. - Vice Chair Chang highlighted that the plant represents Hyundai's commitment to advancing the hydrogen society transition and is crucial for national economic growth and establishing Korea's leadership in the hydrogen industry [4]. Group 2: Facility Details - The new facility will cover 43,000 square meters and is set to be completed by 2027, with an annual production capacity of 30,000 fuel cell units [5][6]. - The investment for the plant amounts to KRW 930 billion, and it will produce next-generation hydrogen fuel cells and electrolyzers for various applications, including passenger vehicles and marine vessels [5][6]. Group 3: Technological Advancements - The facility aims to position Hyundai at the forefront of global hydrogen technology, focusing on two key products: next-generation hydrogen fuel cells and high-efficiency polymer electrolyte membrane (PEM) electrolyzers [6][7]. - The new hydrogen fuel cells will enhance power output and durability while achieving price competitiveness, while the PEM electrolyzers will be the first of their kind produced in Korea [7].