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    A012330   KR7012330007


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Hyundai Mobis to Build 2 New Hydrogen Fuel Cell System Plants in Korea

10/07/2021 | 03:00am EST

Hyundai Mobis will build two new fuel cell plants in Korea to accelerate the hydrogen economy and to secure broader global market dominance. On October 7th, 2021, Hyundai Mobis held a ceremony for the new plant that will produce hydrogen fuel cell stacks at the Industrial Complex in Cheongna International City, Incheon. President Moon Jae-in and Deputy Prime Minister Hong Nam-ki attended the ceremony. Hyundai Mobis announced to invest a total of USD 1.1 billion (KRW 1.3 trillion) into the two plants. The new plants will start mass production in the second half of 2023. When fully operational, the facilities are expected to produce 100,000 hydrogen fuel cells every year. Hyundai Mobis, with the fuel cell production capacity in the world, is expected to gain even greater momentum in the global race for hydrogen mobility with the addition of new production locations. Once they are completed, Hyundai Mobis will operate a total of three fuel cells plants. In 2018, the company became the world's first to set up a complete production system from fuel cell stack to rest of electronic components in Chungju. The Chungju plant is capable of producing approximately 23,000 hydrogen cell systems a year. With the completion of the new plants, Hyundai Mobis plans to expand its production lineups that applies fuel cell systems and diversify hydrogen business. Most fuel cell systems produced by Hyundai Mobis are used in fuel cell EVs but the company is expected to scale its business to other sectors such as construction machinery and logistics equipment. Last year, Hyundai Mobis developed fuel cell power packs that go into hydrogen forklifts, opening up the possibility for entry into the construction machinery sector. The hydrogen power packs used forklifts are generators that produce electricity on their own by combining a fuel cell stack, a hydrogen tank, and a cooling device. Now the company is developing power packs for hydrogen-fueled excavator and plans to enlarge the fuel cell systems for small air mobility.

ę S&P Capital IQ 2021
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Analyst Recommendations on HYUNDAI MOBIS CO.,LTD
More recommendations
Sales 2021 41 196 B 34,7 B 34,7 B
Net income 2021 2 490 B 2,10 B 2,10 B
Net cash 2021 9 092 B 7,66 B 7,66 B
P/E ratio 2021 8,56x
Yield 2021 1,99%
Capitalization 20 832 B 17 452 M 17 541 M
EV / Sales 2021 0,28x
EV / Sales 2022 0,24x
Nbr of Employees 10 206
Free-Float 64,9%
Duration : Period :
Hyundai Mobis Co.,Ltd Technical Analysis Chart | A012330 | KR7012330007 | MarketScreener
Technical analysis trends HYUNDAI MOBIS CO.,LTD
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 27
Last Close Price 227 000,00 KRW
Average target price 341 518,52 KRW
Spread / Average Target 50,4%
EPS Revisions
Managers and Directors
Eui-Sun Chung Chairman & Co-Chief Executive Officer
Hyung-Geun Bae Director & Head-Finance
Joon-Wu Choi Head-Legal & Compliance Support
Dae-Su Kim Independent Director
Brian D. Jones Independent Director
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