On November 25, Guangzhou, China (hereinafter referred to as “Guangzhou”), Ulsan, Korea (hereinafter referred to as “Ulsan”), and Hyundai Motor Group jointly signed the “Hyundai Motor-Guangzhou-Ulsan Memorandum of Cooperation to Promote the Hydrogen Industry.” Based on the cooperation agreement, Hyundai Motor, together with the hydrogen energy pioneer cities in China and Korea—Guangzhou and Ulsan—will create an effective hydrogen cooperation mechanism, promote the development of the hydrogen industry chain, and accelerate the global transition to a hydrogen society.
Sincere Cooperation
Building Global Hydrogen Representative Cities
According to the memorandum of cooperation, Hyundai Motor Group, Guangzhou, and Ulsan will jointly promote diversified hydrogen industry cooperation and build the hydrogen industry. This includes jointly hosting hydrogen energy exchanges and seminars, sharing excellent examples in the hydrogen energy field, and exploring cooperation plans; jointly developing demonstration and pilot projects throughout the hydrogen energy lifecycle, including hydrogen production, distribution, and utilization; and implementing joint R&D projects to enhance the competitiveness of hydrogen energy technologies through industry-university-research collaboration.
It is understood that Hyundai Motor had previously engaged in diverse hydrogen energy business cooperation with these two international-leading hydrogen energy cities. Through this memorandum, the three parties will achieve closer collaboration and further solidify the leading positions of Guangzhou and Ulsan as pioneer cities in the hydrogen industry.
Hyundai Motor Group’s CEO, Chang Jae-hoon, stated at the signing ceremony: “China will become the largest hydrogen fuel cell vehicle market in the world, holding a very important position. Guangzhou, China, is the first and only city outside of Korea where Hyundai Motor has established a hydrogen fuel cell system R&D and production base. Hyundai Motor will play a key role as a bridge for cooperation and exchange between the two cities, helping them grow into global hydrogen representative cities.”
MIGHTY Fuel Cell Hydrogen Fuel Cell Light Truck
Leading Zero-Carbon Transport
Since 1998, Hyundai Motor Group has been committed to the research, development, and application of hydrogen technology. After 27 years of continuous effort, the company has developed world-leading hydrogen technologies and accumulated rich commercialization experience. To help China achieve its “dual-carbon” goals, Hyundai Motor continues to invest in technology and products, further promoting the implementation of “comprehensive hydrogen energy solutions” in China. In 2023, Hyundai Motor Group completed the construction and commissioning of “HTWO Guangzhou,” the first overseas hydrogen fuel cell system R&D, production, and sales base.
Hyundai’s commercial vehicle, the MIGHTY Fuel Cell hydrogen fuel cell light truck, is the latest result of Hyundai Motor Group’s hydrogen technology applied to commercial vehicles. Powered by cutting-edge technology, the vehicle delivers excellent performance, providing outstanding logistics transport equipment for green, zero-carbon logistics.
The vehicle is equipped with a hydrogen stack system with a rated power of 90 kW, achieving an efficiency of 64% and lower hydrogen consumption. The electric motor’s peak power of 140 kW provides powerful output, enabling fast starts and strong acceleration. Hydrogen storage tanks are distributed on both sides of the chassis, with each tank having a capacity of 260L, for a total hydrogen storage of 520L. This allows the vehicle to achieve a range of 574 km under pure hydrogen conditions. Refueling takes only 8 to 10 minutes, making the vehicle efficient and convenient for urban delivery and intercity logistics transport.
Since its mass market launch at the end of 2022, the MIGHTY Fuel Cell has received over 500 orders and deliveries, covering various vehicle types such as logistics and sanitation vehicles. It has been widely recognized in the market for its stability and reliability.
With the signing of the memorandum, the three parties will work closely together to achieve hydrogen energy applications across multiple fields. As an important manufacturing entity for Hyundai Motor, the core application of hydrogen energy, Hyundai’s commercial vehicles will continue to launch excellent hydrogen fuel products, contributing to the green development of the logistics transport sector and supporting the construction of hydrogen cities.
