Hyundai intends to produce more than 100,000 hydrogen fuel cells annually. This will make Hyundai the world’s largest producer of hydrogen fuel cells. The news was announced at the groundbreaking ceremony.

These are not the first Hyundai hydrogen cell factories. The first factory, Hyundai built three years ago with a capacity of 23,000 fuel cells per year. By increasing capacity, the Korean manufacturer would gain more momentum in the global mobility race. Currently, Hyundai uses most fuel cell systems in electric cars.

President and CEO of Hyundai Mobis, Sung Hwan Cho, said:
“Despite uncertainties including COVID-19, we have decided to make this large-scale investment to secure the market-leading competitiveness in the global fuel cell industry. We will continue to invest more in facilities and strengthen our R&D capability for the development of the hydrogen industry and expand the ecosystem. ”

With an investment of $ 1.1 billion, Hyundai intends to expand the use of its fuel cell power packs to construction machinery and logistics equipment. Last year they developed fuel cell power packs for hydrogen forklifts, and now they are developing power packs for hydrogen-fueled excavator.

Source: Hyundai