Hyundai Motor cluster declared that it signed AN investment contract with the govt of Guangdong province to determine AN offshore electric cell system production facility in metropolis, China. The investment advances the Group’s world element leadership and supports its push into China’s speedily developing element trade.
Construction is scheduled to start next month and can be completed by the half of 2022. The plant are going to be the Group’s 1st electric cell production base outside of Korean Peninsula, with the initial capability to supply half-dozen,500 units of electric cell systems annually. The cluster can step by step increase the capability in line with market demand. The metropolis plant can leverage the Group’s intensive experience in electric cell system production to secure a technological leadership position in China’s speedily developing element trade. At the new plant, the cluster can manufacture an equivalent tested electric cell systems that ar used for Hyundai Motor’s Nexo electric cell electrical SUV. Moreover, the cluster can work with Chinese firms to participate within the Guangdong province government’s hydrogen-related run and initiatives, which can facilitate Hyundai secure a competitive advantage in China’s element trade. world firms from Japan, Germany, the united kingdom and alternative countries have conjointly been operating with the Chinese partners to develop technology associated with electric cell vehicles and to advance the native element trade. In October 2020, the China Society of Automotive Engineers free a technology roadmap, underneath the steering of the Ministry of trade and knowledge Technology. The roadmap reflects China’s ambition to foster a element economy, adding that the country aims to own one million FCEVs on its roads by 2035 centering on industrial vehicles. Hyundai Motor cluster declared its own semipermanent roadmap, ‘Fuel Cell Vision 2030′, to affirm its commitment to accelerate the event of a element society by investing its world leadership in electric cell technologies. As a part of this arrange, the cluster aims to supply 700,000 fuel cells annually to satisfy demand from varied trade sectors.