In South Korea, Korea JoongAng Daily reported that Hyundai Motor began construction on a $651 million hydrogen fuel cell plant in Ulsan, South Korea.
Set for completion in 2027, the Ulsan facility will be Korea’s first to produce proton exchange membrane (PEM) electrolyzers, key components used to generate hydrogen for fuel cells, Hyundai said.
It will be Hyundai’s second hydrogen fuel cell systems plant globally. The company has operated a plant in Guangzhou, China, from 2023, that manufactures fuel cell systems for hydrogen vehicles, according to the report.
The 43,000-square-meter factory in Korea will be built on the site of a former internal combustion engine transmission plant and is expected to have an annual production capacity of 30,000 fuel cell units.