The Korean giant has just announced an investment of about 1.1 million dollars to build two factories in South Korea. An investment that will allow the production of cells to quadruple to 100 thousand units per year. This is a real trend and world domination when it comes to fuel cell production.

Construction started a week ago and is expected to start in the second half of 2023.

"The world's largest fuel cell production capacity will help Hyundai Mobis diversify its business and explore the potential of this technology in construction machinery and other logistics equipment," the South Korean giant said, quoted on the news website at the minute.

The agreement, known as Project Neptune, supports Shell Hydrogen's construction of 48 additional and two upgraded hydrogen refueling stations across the state beginning in 2021.

In its part of the agreement, Hyundai committed to drive the growth of fuel cell vehicle sales by supporting the expansion of hydrogen infrastructure.

"We are proud to join Shell Hydrogen's Project Neptune, expanding California's hydrogen infrastructure to meet growing consumer demand for clean, zero-emission transportation solutions."

Hyundai offers an excellent electric vehicle driven by on-board generated power using a hydrogen fuel cell, the NEXO SUV.

"And, this effort will help ensure that all fuel cell focused drivers have convenient refueling options wherever they want to go," said Olabisi Boyle, vice president of Product Planning and Mobility Strategy at Hyundai.

Recall that Hyundai's long-term strategic plan, called "Fuel Cell Vision 2030," targeted a production capacity of 700,000 units per year of fuel cell systems for automobiles. As well as for other transportation, from ships, to trains, to drones and power generators by 2030.