On May 28, Hyundai Motor Group announced that HTWO Guangzhou, its first overseas hydrogen fuel cell system production base, was selected as a "leading company in the hydrogen energy sector" in the first phase of the strategic industrial cluster initiative.
Guangzhou is promoting policies to nurture leading companies in 14 strategic industries, including new energy, smart connected vehicles, artificial intelligence (AI), semiconductors, aerospace, and biotechnology.
HTWO Guangzhou is the only foreign-invested company among the 96 firms recognized as leading companies in the industrial chain. These companies are tasked with strengthening the industrial supply chain and fostering ecosystem development.
With this designation, HTWO Guangzhou is expected to participate in the development of China's hydrogen industry supply chain, build regional industrial ecosystems, expand core technology cooperation, and enhance global exchanges.
Recently, China has accelerated its efforts to develop the hydrogen industry, aiming for carbon neutrality and a transition to green energy. In September 2020, during the 75th United Nations General Assembly, China set goals to peak carbon emissions by 2030 and achieve carbon neutrality by 2060.
Specifically, the country implemented policies to deploy 35,000 hydrogen fuel cell vehicles (including commercial vehicles) by last year. Guangdong Province, where Guangzhou is located, ranked first among pilot regions with over 7,000 vehicles deployed during this period.
HTWO Guangzhou has sold more than 900 hydrogen fuel cell vehicles (commercial) this year. It ranks third among over 60 fuel cell system companies in the Chinese market and first among foreign-invested firms.
Choi Doo-ha, CEO of HTWO Guangzhou, stated, "This selection as a leading company in the industrial chain recognizes our contributions to the development of Guangzhou's hydrogen industry and the establishment of a collaborative ecosystem. We plan to expand our participation in the comprehensive hydrogen energy application pilot projects scheduled to begin in the second half of the year and strengthen cooperation with local governments and partners."
Meanwhile, Hyundai Motor Group is leading the global hydrogen industry as a co-chair of the Hydrogen Council CEO Summit, which comprises over 100 member companies worldwide. The company is at the forefront of the global hydrogen vehicle market with the launch of models like the all-new Nexo, Xcient hydrogen fuel cell truck, and hydrogen-powered tactical vehicles. Domestically, it is pursuing a project to establish a hydrogen hub in Saemangeum, North Jeolla Province, with a total investment of 8.9 trillion won.
* This article has been translated by AI.
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