Hyundai Motor Collaborates with Ulsan and Guangzhou to Advance Hydrogen Ecosystem.

Ulsan: Hyundai Motor Co., South Korea's leading automaker, has entered into a preliminary agreement with the southeastern city of Ulsan and the Chinese city of Guangzhou to promote the development of the global hydrogen ecosystem, according to its officials. This collaboration aims to accelerate the transition towards a hydrogen-based society by leveraging the strengths of each participant. According to Yonhap News Agency, the agreement involves the creation of a consultative body focused on the hydrogen industry. This body will explore joint projects related to the production, supply, and utilization of hydrogen energy. Additionally, the collaboration will support research efforts aimed at developing technologies associated with hydrogen energy. Hyundai Motor has committed to aiding Ulsan and Guangzhou in enhancing their status as hydrogen-friendly cities. Earlier this year, Ulsan was designated by the South Korean government to spearhead the hydrogen city creation project. Similarly, Guangzhou was selecte d as one of five model areas in 2021 to promote the adoption of hydrogen vehicles. Hyundai Motor President and CEO Chang Jae-hoon emphasized the significant roles of Ulsan and Guangzhou in the global hydrogen industry. He noted that Hyundai's first hydrogen vehicle was mass-produced at its Ulsan plant, while Guangzhou hosts the company's first overseas production base for hydrogen fuel cell systems.