Related Articles
Hyundai Mobis is expanding its operations
Forward article link
Share PDF with colleagues

Hyundai Mobis to build two fuel cell plants

New plants to start mass production in second half of 2023 and expected to produce 100,000 hydrogen fuel cells a year

Vehicle component manufacturer Hyundai Mobis—an affiliate of automaker Hyundai—is investing $1.1bn to build two new fuel cell plants in Incheon, South Korea. The new plants will start mass production in the second half of 2023 and are expected to produce 100,000 hydrogen fuel cells every year. The plants, when added to the company’s existing facility in Cungju, will give Hyundai Mobis the largest fuel cell production capacity in the world. “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,” says Hyundai Mobis CEO Sung Hwan Cho. Most fuel cell systems produced by Hyun

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Ineos to invest €2bn in European green hydrogen plants
18 October 2021
Ten-year plan includes 100MW electrolyser at Cologne complex in Germany aimed at green ammonia production
ITM Power to raise finance for expansion
15 October 2021
Firm looks to raise a total of £250mn to build two further factories to meet demand
Octopus and RES to invest £3bn in UK green hydrogen
14 October 2021
Partnership is evaluating several sites for construction of green hydrogen production and is in discussion with offtakers
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video