SEOUL, May 29 (AJP) - Hyundai Motor Group's HTWO Guangzhou has been named a hydrogen industry leader by the southern Chinese city, becoming the only foreign-invested company among 96 firms selected under the city's strategic industry cluster program.
According to the automaker, its first overseas production base for hydrogen fuel cell systems in China was selected by the Guangzhou municipal government as a leading enterprise in the hydrogen energy sector.
The city has selected and fostered leading companies across 14 strategic industries including new energy, intelligent connected vehicles, artificial intelligence, and semiconductors with the aim of strengthening local supply chains, building industrial ecosystems and expanding cooperation in key technologies.
With the designation, HTWO Guangzhou will take on a larger role in local hydrogen industry planning, supply-chain development, and technology cooperation, along with support and other benefits.
The selection comes as China continues to expand its hydrogen industry as part of a broader energy transition. Beijing has set goals of reaching peak carbon emissions by 2030 and carbon neutrality by 2060, and has identified hydrogen as a key part of its future energy system.
China's first long-term national hydrogen plan, released in 2022, called for establishing a hydrogen technology innovation system by 2030 and building a more diversified hydrogen application ecosystem by 2035.
Under a 2021 program to promote hydrogen fuel cell vehicles, China designated five regional clusters, including Guangdong, with aims to deploy about 35,000 hydrogen vehicles by 2025. Guangdong led the five clusters by deploying more than 7,000 vehicles during the period, while Guangzhou operated more than 4,300, making it one of China's largest hydrogen vehicle markets.
HTWO Guangzhou sold more than 900 hydrogen commercial vehicles in China in 2025, ranking third in the overall market and first among foreign-invested companies in a field of more than 60 competitors.
"This selection recognizes HTWO Guangzhou's contribution to the development of Guangzhou's hydrogen industry and its local cooperation ecosystem," said Choi Doo-ha, general manager of HTWO Guangzhou. "We will continue contributing to the development of China's hydrogen industry and the expansion of its ecosystems.
Choi added that the company plans to expand its participation in hydrogen energy demonstration projects scheduled to begin in China in the second half of this year and strengthen cooperation with local governments and partners.
According to the automaker, its first overseas production base for hydrogen fuel cell systems in China was selected by the Guangzhou municipal government as a leading enterprise in the hydrogen energy sector.
The city has selected and fostered leading companies across 14 strategic industries including new energy, intelligent connected vehicles, artificial intelligence, and semiconductors with the aim of strengthening local supply chains, building industrial ecosystems and expanding cooperation in key technologies.
With the designation, HTWO Guangzhou will take on a larger role in local hydrogen industry planning, supply-chain development, and technology cooperation, along with support and other benefits.
The selection comes as China continues to expand its hydrogen industry as part of a broader energy transition. Beijing has set goals of reaching peak carbon emissions by 2030 and carbon neutrality by 2060, and has identified hydrogen as a key part of its future energy system.
China's first long-term national hydrogen plan, released in 2022, called for establishing a hydrogen technology innovation system by 2030 and building a more diversified hydrogen application ecosystem by 2035.
Under a 2021 program to promote hydrogen fuel cell vehicles, China designated five regional clusters, including Guangdong, with aims to deploy about 35,000 hydrogen vehicles by 2025. Guangdong led the five clusters by deploying more than 7,000 vehicles during the period, while Guangzhou operated more than 4,300, making it one of China's largest hydrogen vehicle markets.
HTWO Guangzhou sold more than 900 hydrogen commercial vehicles in China in 2025, ranking third in the overall market and first among foreign-invested companies in a field of more than 60 competitors.
"This selection recognizes HTWO Guangzhou's contribution to the development of Guangzhou's hydrogen industry and its local cooperation ecosystem," said Choi Doo-ha, general manager of HTWO Guangzhou. "We will continue contributing to the development of China's hydrogen industry and the expansion of its ecosystems.
Choi added that the company plans to expand its participation in hydrogen energy demonstration projects scheduled to begin in China in the second half of this year and strengthen cooperation with local governments and partners.
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