Hyundai starts construction of new $654m hydrogen fuel-cell plant

The move signals an expansion of its hydrogen-mobility strategy, with the facility being built in what was previously a combustion engine factory.

The company said it is investing KRW 930 billion (US$654 million) in the plant. It will produce hydrogen fuel cells and electrolyzers for various applications including passenger vehicles, commercial trucks and buses, construction equipment and marine vessels.

The 43,000 sq m facility is scheduled for completion in 2027 and is designed with an annual output capacity of 30,000 fuel-cell units alongside polymer-electrolyte-membrane (PEM) electrolyser modules.

Hyundai Motor vice-chair Jaehoon Chang said, “This plant embodies Hyundai Motor Group’s strategic commitment to advancing the hydrogen-society transition. It will serve as a critical foundation for securing national economic-growth momentum and establishing Korea’s leadership in the global hydrogen industry.”

Jaehoon Chang was one of several senior Hyundai executives and politicians to attend the groundbreaking ceremony, including: minister Sungwhan Kim of the Ministry of Climate, Energy and Environment; vice minister Shinhak Moon of the Ministry of Trade, Industry and Resources; and several National Assembly members.

Hyundai said their presence alongside other local officials highlighted the importance of hydrogen as a “national strategic industry and the strength of public-private collaboration”.