Hyundai Motor to build fuel cell plant in South Korea

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Hyundai Motor to build fuel cell plant in South Korea - Korea Economic Daily

Quick Summary:

Hyundai Motor Co.will build a local fuel cell plant in South Korea, accelerating its bid to create the entire hydrogen fuel cell value chain under its unwavering commitment to sustainable mobility and energy solutions.

ENTIRE HYDROGEN VALUE CHAIN BEYOND FUEL CELL CARSWith the addition of the fuel cell plant, Hyundai Motor will speed up its plan to create and control the entire stages of the hydrogen energy and vehicle production process.

According to the automotive and energy industries on Tuesday, Hyundai Motor and its labor union have agreed to build a next-generation hydrogen fuel cell plant in the automaker’s existing car manufacturing complex in Ulsan, about 300 kilometers south of Seoul.