Hyundai sees a lot of potential in hydrogen fuel-cell technology. And it may find success with it by looking well past cars and SUVs—to other uses that could, as the company puts it, “transcend the transportation sector.”
With this week’s opening of a second plant making fuel-cell systems, in Chungju, South Korea, Hyundai’s Mobis unit will increase its annual production of fuel-cell systems from its current 3,000 annual units to 40,000 units by 2022.
The plan, called FCEV Vision 2030, highlights the parent company’s “commitment to accelerate the development of a hydrogen society.”
By 2030, Hyundai Motor Group aims to make 700,000 fuel-cell systems annually, of which 500,000 would be units for personal-use and commercial fuel-cell electric vehicles. That leaves 200,000 units for drones, vessels, and forklifts and other uses outside transportation such as power generation and energy storage systems.