Carmaker Hyundai Motor Group has signed an investment contract with the government of Guangdong Province of China to establish an offshore fuel cell system production facility in Guangzhou, China.
The Construction of the plant will start from next month. It is scheduled to be completed by the second half of 2022. It will be the first fuel cell production base of the company outside Korea, with the initial capacity to produce 6,500 units of fuel cell systems a year. The Group will gradually increase the capacity as per the market demand.
The company will produce the same proven fuel cell systems that are used for Hyundai Motor’s Nexo fuel cell electric SUV.