Hyundai Motor Company has officially broken ground on a new hydrogen fuel-cell production facility in Ulsan, South Korea — a key move in its push toward broader hydrogen-based mobility and energy systems.
The new plant will occupy about 43,000 m² on the site of a former internal-combustion engine/transmission plant — symbolizing Hyundai’s shift from traditional propulsion to future-oriented tech. Construction is scheduled to complete in 2027, backed by an investment of KRW 930 billion (roughly USD hundreds of millions) to support annual production of 30,000 fuel-cell units.
The facility will build both next-generation hydrogen fuel-cell stacks and polymer-electrolyte membrane (PEM) electrolyzers for “green hydrogen” production. Applications are targeted across mobility segments: passenger cars, commercial trucks and buses, construction equipment, maritime vessels. Hyundai emphasizes the plant will operate under its “HTWO” hydrogen brand / business platform — “Hydrogen for Humanity.” The facility will incorporate advanced manufacturing: robotics, monitoring for worker safety, high localization of electrolyzer components (~90%).
The groundbreaking event was attended by high-level figures including Hyundai’s Vice Chair, Korean government ministers, local Ulsan officials, and global hydrogen industry leaders (e.g., the Hydrogen Council CEO).
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