May 11, 2024
Automobiles
Hyundai Mobis builds plant for hydrogen car parts
[THE INVESTOR] Hyundai Mobis said on Aug. 8 that it has built a plant capable of mass-producing parts for hydrogen fuel cell electric vehicles.
The company said the factory, located inside its existing eco-friendly vehicle parts complex in the central city of Chungju, is slated to start test operations in September.
The 70 billion-won (US$62.20 million) plant has the capacity to produce 3,000 powertrain fuel-cell complete modules per year, which ranks it among the top global players.
Hyundai Mobis added the company can raise the plant’s capacity to tens of thousands of PFC modules down the road, depending on market demand.
A Hyundai Mobis official said the company will ramp up efforts to improve its competitiveness in the fuel cell vehicle industry.
“The company will strive to secure its own technologies that can reduce the overall weight of the fuel cell system by around 10 percent and improve the power performance by 15 percent,” he said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The company said the factory, located inside its existing eco-friendly vehicle parts complex in the central city of Chungju, is slated to start test operations in September.
The 70 billion-won (US$62.20 million) plant has the capacity to produce 3,000 powertrain fuel-cell complete modules per year, which ranks it among the top global players.
Hyundai Mobis added the company can raise the plant’s capacity to tens of thousands of PFC modules down the road, depending on market demand.
A Hyundai Mobis official said the company will ramp up efforts to improve its competitiveness in the fuel cell vehicle industry.
“The company will strive to secure its own technologies that can reduce the overall weight of the fuel cell system by around 10 percent and improve the power performance by 15 percent,” he said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
