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Hyundai’s China-based facility to supply hydrogen propulsion systems to third-party customers
The South Korean company Hyundai Motor already controls over 73% of the market for passenger cars on hydrogen fuel cells, in the future it intends to maintain its leadership status, for which it is actively investing in the development of related production infrastructure. Production of hydrogen fuel cells to be launched in China next year.
Image source: Reuters
As the Nikkei Asian Review explains, this will be Hyundai’s first enterprise of its kind outside of South Korea. It will begin operations in Guangzhou in the second half of 2022, initially producing 6,500 hydrogen fuel cells per year. These cells, using a special reactor, allow you to convert hydrogen into electricity, which is necessary for the operation of the power drive of the machine. Hyundai’s first customers in China may be manufacturers of commercial vehicles that switch to environmentally friendly fuels. Hyundai to expand fuel cell production in China in line with demand. The Guangzhou authorities will provide financial support to the project.
Hyundai produces up to 25,000 fuel cells per year for its own needs in South Korea. Chinese enterprise will increase total production by another 30%. Fuel cell consumers will be automakers and machine builders. Hyundai to supply hydrogen fuel cell propulsion to other automakers. By the end of the decade, 700 thousand power plants of this type will be produced annually. Hyundai to invest about $ 3.7 billion in hydrogen business by 2025.