Hyundai Motor Group Reaffirms Commitment to Hydrogen Energy for Carbon Neutrality

Strategic Insights -

As the Asia-Pacific Economic Cooperation (APEC) CEO Summit came to a close in Gyeongju, Hyundai Motor Group reinforced its dedication to making hydrogen energy a crucial component of the future carbon neutral economy. The group emphasized the importance of global collaboration among stakeholders to accelerate the development of the hydrogen ecosystem. Hyundai Motor Group Vice Chairman Chang Jae-hoon and Ivana Jemelkova, CEO of the Hydrogen Council, stressed the need for a long-term partnership between governments and industry to drive scalable outcomes in the global hydrogen value chain.

Key Takeaways:

  • Hyundai Motor Group reaffirmed its commitment to hydrogen energy as a key tool for future carbon neutrality.
  • The group emphasized the importance of deep global collaboration among stakeholders to scale up the hydrogen ecosystem.
  • Hyundai Motor Group Vice Chairman Chang Jae-hoon pointed out that long-term collaboration between governments and industry is essential to drive scalable outcomes in the global hydrogen value chain.
  • The company is pursuing a dual strategy in driving both demand and supply involving hydrogen energy through investments in waste-to-hydrogen and cutting-edge hydrogen-related technologies.
  • Hyundai Motor has been developing hydrogen technologies for nearly three decades, achieving milestones such as producing the world's first mass-produced hydrogen fuel cell truck and the Nexo hydrogen-powered passenger vehicle.

Statistics:

  • Hyundai Motor is investing in 1-megawatt-class projects in Buan and Boryeong.
  • A 5-megawatt-class hydrogen system is under preparation on Jeju Island.
  • The company has been developing hydrogen technologies for nearly three decades.
  • Hyundai Motor has produced the world's first mass-produced hydrogen fuel cell truck and the Nexo hydrogen-powered passenger vehicle.

Sources:

  • Yonhap News Agency, October 30, 2025.