# Hyundai Motor Group to expand fuel cell output to 700,000 units by 2030

Hyundai Motor Group plans to increase its annual fuel cell system production capacity from 40,000 units to 700,000 units by 2030, including 500,000 for vehicles and 200,000 for non-vehicle applications. The expansion involves building a third plant in South Korea and a first overseas factory in Guangzhou, China.

- Type: Expansion
- Announced: 2021-01-18
- Where: Chungju, South Korea, South Korea
- Starts operating: 2030
- Status: announced
- Capacity: 700,000 units per year
- Products: hydrogen fuel cell systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Hyundai Motor Company](https://endata.com/companies/6382.md)
- [Hyundai Mobis](https://endata.com/companies/10831.md)

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/9714792), 2021-01-19: "Hyundai Motor Group envisioning global leadership in hydrogen economy will expand its fuel cell output to 700,000 units until 2030 from current 40,000 for use of both vehicles and no-vehicles."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.