Hyundai Motor breaks ground on new hydrogen plant in Ulsan

Hyundai Motor said Thursday it broke ground on a new hydrogen fuel cell production facility in the southeastern city of Ulsan, marking a step forward in solidifying the automaker's leadership in the future mobility sector. The company held a groundbreaking ceremony at its main car manufacturing complex in Ulsan attended by key company executives and government officials, including Energy Minister Kim Sung-whan, according to Hyundai Motor. Ivana Jemelkova, chief executive officer (CEO) of the World Hydrogen Council, a global CEO-level consultative body for the hydrogen sector, was also present. Hyundai Motor invested 930 billion won ($652.1 million) in the plant, which is set for completion in 2027 with a planned capacity of 30,000 fuel cell vehicles annually. The new facility is being built on the site of a former internal combustion engine transmission plant, symbolizing Hyundai Motor's shift toward future mobility. "This plant embodies Hyundai Motor Group's strategic commitment to advancing the hydrogen society transition," Hyundai Motor Vice Chairman Chang Jae-hoon said in his openingWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times