Hyundai Motor to set up fuel cell plant in China
DUBAI, January 17, 2021 Hyundai Motor Group has signed an investment contract with the government of Guangdong Province in China to establish an offshore fuel cell system production facility in Guangzhou. The investment advances the group’s global hydrogen leadership and supports its push into China’s rapidly developing hydrogen industry. Attendees at the signing ceremony included Kwang Guk Lee, President and Head of China Operations at the Group; Hyuk Joon Lee, Senior Vice President and Chief Government Affairs Officer of Hyundai Motor Group China; Lin Keqing, Executive Vice Governor of Guangdong Province; Hu Hong, Vice Mayor of Guangzhou Municipal Government; and Chen Yong, District Chief of Huangpu District Guangzhou Municipal Government.
Hyundai Serious About Fuel Cell Power - Partners With Guangzhou Company For New Fuel Cell System Plant +VIDEO
Construction to begin next month, to be completed in the second half of 2022
New plant will initially produce 6,500 fuel cell systems a year and aims to gradually increase capacity in line with market demand
Investment advances the Group’s global hydrogen leadership and supports its push into China’s rapidly growing hydrogen industry
SEOUL,
January 15
, 2021 – Hyundai Motor Group (the Group) announced today that it signed an investment contract with the government of Guangdong Province to establish an offshore fuel cell system production facility in Guangzhou, China. The investment advances the Group’s global hydrogen leadership and supports its push into China’s rapidly developing hydrogen industry.