# 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.

- Type: New facility
- Announced: 2021-10-07
- Where: Incheon and Ulsan, South Korea
- Value: $1.10B
- Starts operating: Q3 2023
- Status: under construction
- Capacity: 100,000 hydrogen fuel cell systems per year
- Products: hydrogen fuel cell systems, fuel cell stacks
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/hyundai-mobis-invests-1-1-billion-for-2-new-hydrogen-fuel-cell-system-plants-in-korea-301394960.html), 2021-10-07: "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."
- [hyundai.com](https://www.hyundai.com/worldwide/en/newsroom/detail/hyundai-mobis-invests-%25241.1-billion-for-2-new-hydrogen-fuel-cell-system-plants-in-korea-0000000457), 2021-10-07: "Hyundai Mobis invests $1.1 billion for 2 new hydrogen fuel cell system plants in Korea"
- [power-technology.com](https://www.power-technology.com/news/hyundai-mobis-fuel-cell/), 2021-10-08: "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."

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