Hyundai Motor completes first overseas hydrogen system plant in China
![Hyundai Motor CEO Chang Jae-hoon, fifth from right, and Lin Keqing, chairman of the Guangdong Provincial Political Consultative Conference, and other officials pose for a photo at a ceremony celebrating the automaker's completion of its first overseas hydrogen fuel cell system plant in Guangzhou Thursday. [HYUNDAI MOTOR]](https://koreajoongangdaily.joins.com/data/photo/2023/06/01/1345d394-6bf2-4990-8ce2-be63253cc466.jpg)
Hyundai Motor CEO Chang Jae-hoon, fifth from right, and Lin Keqing, chairman of the Guangdong Provincial Political Consultative Conference, and other officials pose for a photo at a ceremony celebrating the automaker's completion of its first overseas hydrogen fuel cell system plant in Guangzhou Thursday. [HYUNDAI MOTOR]
Hyundai Motor completed its first overseas hydrogen fuel cell system plant in Guangzhou, in a move to consolidate its position as the world's largest hydrogen-powered electric vehicle (EV) maker.
The Korean company held a ceremony celebrating the completion of the HTWO Guangzhou facility Thursday in Guangzhou, with Hyundai Motor CEO Chang Jae-hoon and Lin Keqing, chairman of the Guangdong Provincial Political Consultative Conference, in attendance.
The Guangzhou facility is designed to manufacture 100-kilowatt fuel cell systems, with an annual capacity of 6,500 units.
The company also signed a deal with the Guangdong Provincial government and Guangzhou's municipal government to supply 1,500 hydrogen-powered commercial vehicles to Chinese state-run companies by 2024.
"HTWO Guangzhou is Hyundai Motor Group's first overseas hydrogen fuel cell system plant and will be running eco-friendly and smartly taking safety as the priority," Chang said at the ceremony. "Hyundai will strengthen its partnership with Chinese companies to contribute to the country's development in hydrogen business and achievement of carbon neutrality."
China has the world's largest hydrogen-powered commercial vehicle market, and the government announced earlier that it aims to provide 1 million units by the end of 2035, with a goal of achieving carbon neutrality by 2060.
Hyundai is currently the No. 1 hydrogen car maker, holding 54.6 percent share of the world's market.
Hyundai aims to produce 500,000 hydrogen vehicles and 700,000 hydrogen fuel-cell systems by 2030.
It currently operates a domestic hydrogen fuel-cell systems plant. It also plans to build such plants in Europe and the United States.
BY SARAH CHEA [chea.sarah@joongang.co.kr]
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)