Business
Hyundai Motor Breaks Ground on Hydrogen Fuel Cell Production Facility in Korea
Hyundai Motor Company today held a groundbreaking ceremony for its new hydrogen fuel cell production plant in Ulsan, South Korea, marking a major step in its efforts to position the country as a global leader in the energy transition.
About this update from Hyundai Motor Company
[{"type":"list","items":[{"val":[{"type":"text","content":"Hyundai Motor holds groundbreaking ceremony for its new hydrogen fuel cell production facility in Ulsan, Korea","length":115,"tagName":"p"}]},{"val":[{"type":"text","content":"With an investment of KRW 930 billion, the facility—set for completion in 2027—will mass-produce 30,000 fuel cell units annually, along with PEM electrolyzers… Improved fuel cell technology, with enhanced durability and cost competitiveness, is expected to support Hyundai Motor's goal of achieving global market leadership… Developing PEM electrolyzers as a cornerstone for green hydrogen production while leveraging fuel cell expertise for domestic manufacturing","length":485,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":600,"olType":false},{"type":"text","content":"SEOUL, South Korea, Oct. 30, 2025 /PRNewswire/ -- Hyundai Motor Company today held a groundbreaking ceremony for its new hydrogen fuel cell production plant in Ulsan, South Korea, marking a major step in its efforts to position the country as a global leader in the energy transition.","length":294,"tagName":"p"},{"type":"image","alt":"Hyundai Motor Breaks Ground on Hydrogen Fuel Cell Production Facility in Korea (PRNewsfoto/Hyundai Motor Company)","displaySize":"","headline":null,"caption":"Hyundai Motor Breaks Ground on Hydrogen Fuel Cell Production Facility in Korea (PRNewsfoto/Hyundai Motor Company)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":267,"url":"https://media.zenfs.com/en/prnewswire.com/d96fdd16b0bc016fd289710ebd8ef5a6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/kqoHhyi6BsQGhwg3dKhKXw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/d96fdd16b0bc016fd289710ebd8ef5a6","width":400,"height":267}},"href":"https://mma.prnewswire.com/media/2809202/Photo__Hyundai_Motor_Hydrogen_Fuel_Cell_Production_Facility_in_Korea.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The groundbreaking ceremony was attended by Jaehoon Chang, Vice Chair of Hyundai Motor Group; Minister Sungwhan Kim of the Ministry of Climate, Energy and Environment; Vice Minister Shinhak Moon of the Ministry of Trade, Industry and Resources; and several National Assembly members. Their presence alongside Ulsan Mayor Doo-gyeom Kim and ot...