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Hyundai has held a virtual groundbreaking ceremony for HTWO Guangzhou, the Group's first fuel cell system facility outside of Korea.
04 Mar 2021 | International News : China
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Hyundai has held a virtual groundbreaking ceremony for HTWO Guangzhou, the Group's first fuel cell system facility outside of Korea. The investment advances the Group's global hydrogen leadership and supports its push into China's rapidly developing hydrogen industry.
Hyundai Motor Group designated the production and sales hub 'HTWO Guangzhou', in line with the name of its dedicated fuel cell system brand. HTWO stands for 'H2', the hydrogen molecule, whilst also representing 'Hydrogen' and 'Humanity', the main pillars of the Group's fuel cell business.
HTWO Guangzhou will be built in the Guangzhou development district of Guangdong Province, China. The project is targeted to be completed in the second half of 2022. Facilities, including a fuel cell system plant and an innovation centre, will be built on the 207,000m2 site. The annual production target for the facility is 6,500 units, with a goal to gradually expand production capacity in line with Chinese market conditions and central government policies.
