Hyundai Mobis accelerates its plan to go green

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Hyundai Mobis accelerates its plan to go green

Hyundai Mobis’ hydrogen fuel cell powerpack and M.Vision 2Go, an eco-friendly delivery car, are displayed at H2 Mobility+ Energy Show 2021. [HYUNDAI MOBIS]

Hyundai Mobis’ hydrogen fuel cell powerpack and M.Vision 2Go, an eco-friendly delivery car, are displayed at H2 Mobility+ Energy Show 2021. [HYUNDAI MOBIS]

Hyundai Mobi is speeding up its environment, social and governance (ESG) initiative, incorporating its ESG vision “Green Acceleration” into its mid- and long-term business strategies.

The automotive supplier’s business portfolio includes driving systems, controllers, battery systems and hydrogen fuel cell systems, which are core technology for electric vehicle (EV) component manufacturing. The company is also focusing on developing an in-wheel motor, driving module, hydrogen fuel cell and software for next generation battery systems in a bid to accelerate its green transition.

Hydrogen fuel cell system production, in particular, is Hyundai Mobis’ priority. Hyundai Mobis built up its mass-production capacity for hydrogen fuel cell systems to enhance its global competitiveness, and is striving to expand its hydrogen business.

In 2018, Hyundai Mobis completed the world’s first integrated production system to mass-produce core components of hydrogen cars in Chungju, North Chungcheong. The company is currently rolling out a hydrogen fuel cell system, with annual production capacity of 23,000 units.

Hyundai Mobis invested 1.3 trillion won ($1.1 billion) in Incheon and Ulsan to construct additional hydrogen fuel cell plants. Slated to begin operations at the end of 2023, the factories will have total annual production capacities of 100,000 units.

Based on its mass-production capacity, Hyundai Mobis is seeking to extend its hydrogen fuel cell business. One example is the hydrogen fuel cell powerpack adopted in hydrogen forklifts, which is currently going through trials. The hydrogen powerpack received the H2 Innovation Award at the H2 Mobility+ Energy Show held in September.

Hyundai Mobis will broaden its hydrogen business and industrial ecosystem to take a leap to become the global leader in the hydrogen era, the company said.

By Shin Ha-nee [shin.hanee@joongang.co.kr]
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