Hyundai Motor Company has taken a significant step forward in solidifying its position as a leader in the hydrogen sector by announcing the acquisition of Hyundai Mobis’ hydrogen fuel cell business.
This strategic move, unveiled on the 16th of October 2023, marks a pivotal moment in Hyundai’s journey towards optimizing the hydrogen value chain and accelerating the transition to a hydrogen-powered future.
The primary goal of this acquisition is to enhance Hyundai’s expertise in hydrogen fuel cell technology and streamline the hydrogen value chain. By integrating Hyundai Mobis’ hydrogen fuel cell business, Hyundai Motor Company aims to foster synergy between research and development (R&D) and production, thereby bolstering the technological competitiveness and production quality of hydrogen fuel cells. This initiative aligns with Hyundai’s broader vision of advancing towards a hydrogen ecosystem and driving innovation in sustainable mobility solutions.
Through this acquisition, Hyundai Motor Company will acquire facilities, assets, and personnel related to Hyundai Mobis’ hydrogen fuel cell business, encompassing R&D, production, and quality assurance. By consolidating its capabilities across the value chain, Hyundai seeks to optimize the production efficiency of hydrogen fuel cell systems and enhance their performance, durability, and fuel efficiency. This concerted effort aims to elevate the marketability of hydrogen electric vehicles and contribute to the expansion of electric vehicle distribution.
The acquisition is poised to have far-reaching implications, not only for Hyundai but also for the broader hydrogen industry and the transition towards a hydrogen society. By internalizing hydrogen fuel cell production and investing across all stages of the hydrogen value chain, Hyundai Motor Company aims to drive technological advancements, stimulate large-scale hydrogen demand, and pave the way for the widespread adoption of hydrogen-powered solutions. This initiative underscores Hyundai’s commitment to innovation, sustainability, and shaping the future of mobility.
