Hyundai Motor s hydrogen-powered truck concept Neptune, unveiled at a Chinese import expo in 2019.
Hyundai Motor Co. has signed a contract to build its first overseas hydrogen fuel cell systems plant in China as the South Korean company aims to enter the world’s largest auto market by building its hydrogen vehicles there.
The top Korean automaker said on Jan. 15 that the construction of the plant in China s southern city of Guangzhou will begin in February with a view to completion in the second half of 2022.
Hyundai will own 100% of the plant.
Once completed, the plant will produce 6,500 fuel cell systems for hydrogen-powered vehicles annually and gradually increase output volumes depending on market demand, Hyundai said in a statement.