Hyundai Mobis accelerates on fuel cell production and deployment. The Korean company has extensive experience in sensors, sensor fusion in ECUs and software development for security control. Its products also include various components for electrification, brakes, chassis and suspension, steering, airbags, lighting and automotive electronics. Over 30,000 people are currently employed around the world. With its main R&D headquarters in Korea, Mobis operates 4 technology centers in Germany, China, India and the United States.
Future investments of $ 1.1 billion
A new plant will produce fuel cell stacks at the Cheongna International City industrial complex in Incheon (South Korea) which has recently been inaugurated. In addition, Hyundai Mobis announced a total investment of $ 1.1 billion (KRW 1.3 trillion) in the two plants, which will begin mass production in the second half of 2023. Once full production operations are reached, 100,000 hydrogen fuel cells are expected to be produced annually.
Thanks to these two new sites, Hyundai Mobis will have the largest production capacity of fuel cells in the world, thus placing itself in an even more important position in the global race for hydrogen mobility.
Three Mobis implants
Once completed, Hyundai Mobis will operate a total of three fuel cell plants. In 2018, with the Chungju plant (South Korea), the company became the first in the world to implement a complete production system, from the fuel cell stack to the rest of the electronic components. The plant is capable of producing approximately 23,000 hydrogen cell systems per year.
With the completion of the new plants, Hyundai Mobis plans to expand its production lines involving fuel cell systems and diversify the hydrogen business. In fact, most of the fuel cell systems manufactured by Hyundai Mobis are used in fuel cell electric vehicles, but the company intends to expand its business into other sectors, such as construction machinery and logistics equipment.