South Korean parts maker Hyundai Mobis announced it had just completed construction of a new plant for the production of hydrogen fuel cell powertrain modules.
The KRW70bn (US$62m) facility, located within its Chungju manufacturing complex in South Korea, is scheduled to begin operations in September.
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It has an initial production capacity of 3,000 complete hydrogen fuel cell powertrain modules per year but this can be increased significantly if required.
The zero emission powertrains use compressed hydrogen and a fuel cell to produce electricity that drives on board electric motors. The reports suggest the hydrogen tanks are quickly refuelled.
The company, which has Kia Motors as its largest shareholder, is focused on becoming a leading manufacturer of hydrogen fuel cells, both in terms of product technology and manufacturing efficiency. It is working on increasing the power performance and reducing the weight of existing systems.
With global demand for zero emission vehicles expected to soar in the next decade, the new plant will enable the company to offer ready made solutions to vehicle manufacturers.
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By GlobalDataThe reports suggest Hyundai Motor is looking to bring a new hydrogen fuel cell vehicle to market as soon as next year with a range of 580km.
