In late October, Hyundai Motor Company held a groundbreaking ceremony for its new hydrogen fuel cell production plant in Ulsan, South Korea, marking a major step in its efforts to position the country as a global leader in the energy transition.
The plant represents an investment of more than $644 million and will produce next-generation hydrogen fuel cells and electrolyzers for various mobility applications including passenger vehicles, commercial trucks and buses, construction equipment and marine vessels.
Advancing Core Technologies
The facility aims to position Hyundai Motor at the forefront of global hydrogen technology through two key products:
- Next-generation hydrogen fuel cell: Hyundai Motor targets enhancing both power output and durability compared to current models while achieving price competitiveness to lead the global market.
- PEM…
