Hyundai Motor Breaks Ground on KRW 930 Billion Hydrogen Fuel Cell Plant in Ulsan

Hyundai Motor Company has broken ground on its new hydrogen fuel cell production facility in Ulsan, South Korea.

The ceremony was attended by Jaehoon Chang, Vice Chair of Hyundai Motor Group, along with key government officials including Minister Sungwhan Kim of the Ministry of Climate, Energy and Environment, Vice Minister Shinhak Moon of the Ministry of Trade, Industry and Resources, and Ulsan Mayor Doo-gyeom Kim. Their participation underscored the importance of hydrogen as a national strategic industry and the strong collaboration between public and private sectors. Global hydrogen leaders, including Ivana Jemelkova, CEO of the Hydrogen Council, also joined the event.

Located on a 43,000-square-meter site that once housed an internal combustion engine transmission plant, the new facility symbolizes Hyundai’s transition toward sustainable mobility. Scheduled for completion in 2027, the KRW 930 billion project will have an annual production capacity of 30,000 fuel cell units under Hyundai’s HTWO brand, producing next-generation hydrogen fuel cells and electrolyzers for use in vehicles, commercial fleets, construction equipment, and marine applications.

“This plant embodies Hyundai Motor Group’s strategic commitment to advancing the hydrogen society transition,” Vice Chair Chang said in his opening remarks. “It will serve as a critical foundation for securing national economic growth momentum and establishing Korea’s leadership in the global hydrogen industry.”