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Hyundai Motor Group Will Construct a Second Hydrogen Fuel Cell Production Plant

By December 15, 2018 3   min read  (404 words)

December 15, 2018 |

Hyundail Ground Breaking Ceremony for 2nd Fuel Cell Plant Dec 2018
  • Domestic production of hydrogen fuel cells by 2050  will be ~ 500,000 units per year 
  • The second factory will help Mobis increase annual fuel-cell system output to 40,000 units by 2022, up from the current 3,000 units

Hyundai Motor Group plans to build a second hydrogen fuel cell Plant in order to strengthen its global hydrogen leadership. When the plant is completed, the present production capacity of the 3,000-unit hydrogen fuel cell system will expand to about 40,000 units annually.

Hyundai Motor Group held a groundbreaking ceremony for the expansion of hydrogen fuel cell system at the Hyundai Mobis plant located in Chungju, North Chungcheong Province, and unveiled the mid-long term roadmap for hydrogen and hydrogen electric vehicles ‘FCEV Vision 2030’.

In the groundbreaking ceremony, the members of the Ministry of Commerce, Industry and Commerce of the Ministry of Commerce, Industry and Energy of the Republic of Korea, the governor of Chungcheongbuk-do, Mobis, the president and 120 people attended.

If the production system of domestic 500,000 hydrogen electric vehicles is realized in 2030, the annual economic effect will be about 25 trillion won and the employment inducement effect including indirect employment will be 220,000.

Hyundail Ground Breaking Ceremony for 2nd Fuel Cell Plant Dec 2018 2

At the same time, Hyundai Motor Group is promoting new business to supply fuel cell system with the world’s best technology.

Hyundai Motor Group expects demand for fuel cell systems in ships, railroads, and forklifts, as well as those of competing automakers seeking to enter the hydrogen electric vehicle market. Demand for power generation is also expected to grow as the proportion of renewable energy generation increases. Hyundai Motor Group expects to be able to supply about 200,000 fuel cell systems outside of hydrogen electric vehicles by 2030,

Hyundai Motor Group plans to respond to various demands by complementing product performance and expanding its lineup based on the fuel cell system for existing Nexo hydrogen electric vehicles. In order to promote fuel cell system sales business, it also created a task force organization in charge of the fuel cell division belonging to Hyundai and Kia Motors R & D Headquarters earlier this month.

Hyundai Motors Group senior vice chairman Jeong-sung said at the groundbreaking ceremony, “We will build a new growth base for the future automobile industry through partnership with partner companies, since the localization rate of hydrogen electric vehicles is 99% .

“Hyundai Motor Group will lead the hydrogen society, which is the major energy source, as the first mover in the new industrial field of the coming hydrogen economy,” said Jeong Seon, senior vice chairman.

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