ULSAN < invest Korea

According to Yonhap News,

Hyundai Motor Co. plans to build its first hydrogen fuel cell systems plant in South Korea for the start of operations in 2028, the company's labor union claimed Tuesday.

Hyundai Motor currently operates a hydrogen fuel cell systems plant in China. If built, the domestic facility will be the carmaker's second such plant globally.

The company will begin the plant's construction within the year at its mainstay car manufacturing plant in Ulsan, about 305 kilometers southeast of Seoul, according to the union website.

"To push ahead with the plan, there should be consultations between the company and the union," a company spokesperson said, without elaborating.

If confirmed, Hydrogen fuel cell systems produced at the new plant may be used in the Nexo hydrogen fuel cell electric vehicle (EV), hydrogen-powered Elec City bus and hydrogen trucks.

The first plant in Guangzhou began operations in 2023. It is capable of manufacturing hydrogen fuel cell systems that can power 6,500 hydrogen commercial vehicles.

kyongae.choi@yna.co.kr

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Source: Yonhap News (March 11, 2024)