Hyundai Mobis Invests 1.3 Trillion KRW in Hydrogen Fuel Cells to "Expand Hydrogen Ecosystem"
[Asia Economy Reporter Changhwan Lee] Hyundai Mobis announced on the 20th that it will invest 1.3216 trillion KRW to establish a hydrogen fuel cell production facility.
The company explained that this investment aims to strengthen the competitiveness of hydrogen fuel cell products and secure production capacity for mass production efficiency.
Hyundai Mobis plans to establish new bases for hydrogen fuel cell production in the IHP Advanced Industrial Complex in Cheongna International City, Incheon, and the Ihwa General Industrial Complex in Ulsan. Construction will begin in the second half of this year, with operations starting in 2023.
In the future, the Cheongna plant in Incheon will produce fuel cell stacks, which will then be finalized into fuel cell systems at the Ulsan plant and supplied to complete vehicles.
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A Hyundai Mobis official stated, "Through this new base investment, we expect to establish an efficient supply chain for next-generation fuel cell systems and create a new opportunity to expand the hydrogen-related ecosystem."
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