Overview
- Hyundai began building a 43,000-square-meter hydrogen facility in Ulsan that will produce 30,000 fuel cell units a year from 2027 after a KRW930 billion investment.
- The new plant, on a former transmission site, will make next‑generation fuel cells for vehicles and equipment as well as PEM electrolyzers under the HTWO brand.
- Company leaders and government officials attended the ceremony, where Hyundai also signed an MoU to supply fuel cells to bus maker KGM Commercial.
- At the APEC CEO Summit session “Hydrogen, Beyond Mobility,” Vice Chair Jaehoon Chang and Hydrogen Council CEO Ivana Jemelkova urged policy-backed cooperation and outlined 1MW projects in Buan and Boryeong with a 5MW system in preparation on Jeju.
- Hyundai showcased the all‑new Nexo at APEC and said the model will enter the Japanese market in the first half of next year, while its Xcient fuel‑cell trucks continue commercial operations in Korea and U.S. pilots.