Hyundai Mobis to build two hydrogen fuel cell plants in Korea

Hyundai Mobis invested $1.1 billion to build two new hydrogen fuel cell system plants in Incheon and Ulsan, South Korea. Mass production is expected to start in the second half of 2023 with an annual capacity of 100,000 fuel cell systems.

“Despite uncertainties including COVID-19, we have decided to make this large-scale investment to secure the market-leading competitiveness in the global fuel cell industry.”prnewswire.com

• 3 sources
• prnewswire.comHyundai Mobis invests $1.1 billion for 2 new hydrogen fuel cell system plants in KoreaHyundai MobisOct 7, 2021
• hyundai.comHyundai Mobis invests $1.1 billion for 2 new hydrogen fuel cell system plants in KoreaOct 7, 2021
• power-technology.comHyundai Mobis to build hydrogen fuel cell plants in South KoreaUmesh EllichipuramOct 8, 2021

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