The new facility in Ulsan will focus on producing hydrogen fuel cell stacks and assembling fuel cell systems, integrating advanced chemical and manufacturing processes. Construction is set to begin in the first half of 2025, with Ulsan City pledging comprehensive support to ensure smooth progress. This includes deploying specialized staff, streamlining permit processes, and easing regulatory requirements to expedite the plant’s development.
Hyundai Motor aims to position the Ulsan plant as a key hub for its hydrogen fuel cell production, reinforcing the city’s role as a center for sustainable automotive manufacturing. The collaboration is expected to enhance the competitiveness of local auto parts suppliers and create significant job opportunities, contributing to economic growth in the region.
Lee Dong-seok, CEO of Hyundai Motor, highlighted the strategic importance of the project, stating: “Starting with this investment, we will work with the city of Ulsan to ensure that the Ulsan plant can serve as a key production base for Hyundai Motor Group’s fuel cell systems.” The initiative underscores Hyundai’s focus on expanding its capabilities in clean energy technologies for vehicles.
Ulsan Mayor Kim Doo-gyeom expressed optimism about the partnership, saying: “I warmly welcome this investment in a hydrogen fuel cell plant following the investment in a new electric vehicle-only plant.” He added: “We will do our best to join forces with Hyundai Motor Company’s labor and management to help Ulsan leap forward as a world-leading city for future vehicles.”
The agreement aligns with broader efforts to advance eco-friendly transportation solutions, positioning Ulsan as a leader in the production of sustainable automotive technologies. By fostering innovation and collaboration, Hyundai Motor and Ulsan City aim to support the growing demand for hydrogen fuel cell vehicles while promoting economic and environmental benefits for the community. The new plant is expected to play a pivotal role in Hyundai’s strategy to meet global sustainability goals and strengthen its presence in the clean energy vehicle market.
