The world’s largest fuel cell production capacity will help Hyundai Mobis to diversify business in construction and logistics.
October is Hyundai Mobis’ groundbreaking ceremony for the new plant that will produce hydrogen fuel cell stacks. This is the world’s largest fuel cell production capacity is in the Industrial Complex in Cheongna International City, Incheon. The investment of USD 1.1 billion (KRW 1.3 trillion) into the two plants. It will start mass production in the second half of 2023. When fully operational, the facilities are expected to produce 100,000 hydrogen fuel cells every year.
Soon it will operate a total of three fuel cells plants. The company further became the world’s first to set up a complete production system. This is from fuel cell stack to electronic components in Chungju. Moreover, the Chungju plant is capable of producing approximately 23,000 hydrogen cell systems a year.
“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. We will continue to invest more in facilities and strengthen our R&D capability for the development of the hydrogen industry and expand the ecosystem.”
– Sung Hwan Cho, President and CEO of Hyundai Mobis.
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ARTICLE: ALEX A SOURCE: HYUNDAI MOTORS PHILS PRODUCTION: J AD MEDIA
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