Hyundai Motor Group's HTWO Guangzhou Selected as Leading Enterprise in China's Hydrogen Industry

*This content was translated by AI.

HTWO Guangzhou was selected as a "Leading Enterprise in the Industrial Chain" in the hydrogen energy sector among the "First Batch of Guangzhou Strategic Industrial Cluster Leading Enterprises and Promotional Institutional Investors" organized by the Guangzhou Municipal Bureau of Industry and Information Technology. HTWO Guangzhou is the first hydrogen fuel cell system production base established by Hyundai Motor Group overseas.

Guangzhou City selects and supports leading enterprises centered on 14 strategic industries, including new energy and smart cars. Among the 96th enterprises selected this time, HTWO Guangzhou is the only foreign-funded company. This leading enterprise qualification is granted to core companies that play a pivotal role in strengthening supply chains and building ecosystems.

HTWO Guangzhou will play a central role in building the hydrogen supply chain and cooperating on core technologies, thereby receiving support from various preferential policies. Support will also be provided in government policy discussions, applications for major national projects, research and development, and the formation of industry-academia-research cooperation systems.

The Chinese government is actively nurturing the hydrogen industry with a medium- to long-term development plan aimed at reaching peak carbon emissions by 2030 and achieving carbon neutrality by 2060. Guangdong Province and Guangzhou City are aligning with this goal by introducing relevant policies to boost the development of the hydrogen industry. Under the pilot city cluster policy, Guangdong Province has secured first place by distributing more than 7,000 hydrogen fuel cell vehicles, while Guangzhou City has distributed approximately 4,300 units, becoming the city with the highest number of hydrogen fuel cell vehicles in operation. Nationwide, 40,000 hydrogen fuel cell vehicles have been distributed, and 574 hydrogen refueling stations have been installed.

HTWO Guangzhou recorded third place overall and first place among foreign-funded companies in China's market by selling more than 900 commercial hydrogen fuel cell vehicles in 2025. Choi Du-ha stated that this selection recognizes the company's contribution to the cooperation ecosystem and announced plans to expand participation in local hydrogen energy comprehensive application pilot projects and strengthen cooperation starting in the second half of this year. Hyundai Motor Group aims to further strengthen its position in the Chinese market and secure competitiveness in the global hydrogen industry through this selection.

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*This content was translated by AI.