Ulsan: Hyundai Motor Co. announced that it has begun construction on a new hydrogen fuel cell production facility in Ulsan, marking a significant step in the automaker’s focus on future mobility.

According to Yonhap News Agency, the groundbreaking ceremony took place at Hyundai’s main manufacturing complex in Ulsan, situated approximately 305 kilometers from Seoul. The event was attended by key company executives and government officials, including Energy Minister Kim Sung-whan. Also present was Ivana Jemelkova, CEO of the World Hydrogen Council, a global consultative body for the hydrogen industry.

Hyundai Motor has invested 930 billion won (US$652.1 million) in the new plant, which is expected to be completed by 2027. The facility is projected to have a production capacity of 30,000 fuel cell vehicles annually. The site chosen for the new facility was previously an internal combustion engine transmission plant, highlighting Hyundai’s transition toward future mobility solutions.

In his opening remarks, Hyundai Motor Vice Chairman Chang Jae-hoon emphasized the strategic importance of the new plant. “This plant embodies Hyundai Motor Group’s strategic commitment to advancing the hydrogen society transition,” he stated. He further noted that the facility would play an essential role in promoting national economic growth and establishing Korea’s leadership in the global hydrogen sector.

Hyundai Motor plans to operate the new Ulsan hydrogen plant with cutting-edge technologies, including robotics and advanced monitoring systems, to improve efficiency and safety. The company also mentioned that the plant’s production capacity could be expanded to meet increasing global hydrogen demand in the future.