Hyundai will build a fuel cell system manufacturing plant in China. Construction of its facility, to be built in Guangzhou, China, will begin in March.
Investment agreement signed to build production facility
The South Korean company issued a statement on Friday. Hyundai stated that Hyundai Motor Group has signed an investment agreement with the government of Guangdong province in southern China to establish the first overseas fuel cell system production facility in the country.
The Automaker group reported that construction of the Guangzhou city facility, which has an annual capacity of 6,500 fuel cell systems, will begin in March. Construction, which begins in March, is aimed to be completed in the second half of 2022.
“The Guangzhou plant will use the group’s extensive expertise in fuel cell system production to secure a position of technological leadership in China’s rapidly developing hydrogen industry,” it said in a statement on the project.
Hyundai Motor Group, which includes Hyundai Motor Co and Kia, did not express the investment amount. However, he added that Guangdong would work with Chinese firms to participate in its hydrogen-related projects.
In December, Hyundai also said that HTWO, a brand dedicated to hydrogen fuel cell systems, launched in October to boost the work done after delivering its first seven hydrogen trucks to customers in Switzerland.
In addition, since hydrogen can be made from various sources such as methane, coal, water and even garbage, what it needs is water and heat.