Hyundai breaks ground on hydrogen fuel cell production facility

Hyundai Motor Company held a groundbreaking ceremony for its new hydrogen fuel cell production plant in Ulsan, South Korea, marking a major step in its efforts to position the country as a global leader in the energy transition.

The groundbreaking ceremony was attended by Jaehoon Chang, Vice Chair of Hyundai Motor Group; 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. Their presence alongside Ulsan Mayor Doo-gyeom Kim and other local officials highlighted the importance of hydrogen as a national strategic industry and the strength of public-private collaboration.

International hydrogen industry leaders also attended, including Ivana Jemelkova, CEO of the Hydrogen Council – a global CEO-led initiative that brings together leading companies with a united vision and ambition for hydrogen to accelerate the clean energy transition. Jemelkovawas visiting Korea for the 2025 APEC CEO Summit in Gyeongju.

The new facility will occupy 43,000 square meters on the site of a former internal combustion engine transmission plant – a symbolic shift that underscores Hyundai Motor’s pivot toward future mobility.

Scheduled for completion in 2027, the plant will integrate chemical processing and assembly operations with annual production capacity of 30,000 fuel cell units. The facility will operate under Hyundai Motor Group’s hydrogen brand and business platform HTWO brand, which symbolizes ‘Hydrogen for Humanity.’

The plant represents an investment of around 560 million euros and will produce next-generation hydrogen fuel cells and electrolyzers for various mobility applications including passenger vehicles, commercial trucks and buses, construction equipment and marine vessels.