January 06, 2021 13:30
Automaker Hyundai will build a hydrogen fuel cell systems plant in Guangzhou in the Chinese province of Guangdong this year.
It will be Hyundai's first hydrogen fuel cell plant overseas.
The carmaker hopes to gain a springboard into in the Chinese hydrogen car market with the move.
The Ministry of Trade, Industry and Energy here authorized the export of Hyundai's hydrogen fuel cell technology even though it is classified as "core technology" that must be protected from copycats and pirates.
Once completed, the plant will have an annual production capacity of just a few thousand cells, compared to the Hyundai Mobis' plant in Ulsan that can produce 23,000 units. Hyundai plans to produce core components here and assemble them in Guangzhou.
"No company in China has core hydrogen fuel cell technology," an industry insider said. "Hyundai decided quickly to build its plant in Guangzhou to work with the local government there that has the authority to hand out subsidies."
It costs more money to make hydrogen vehicles than electric cars and to build hydrogen fueling stations, so the cooperation of the Chinese government is crucial.
- Copyright © Chosunilbo & Chosun.com