Member Info for LuckyLaurie

Hyundai announces new hydrogen fuel cell factory in South Korea

Hyundai Motor Company is doubling down on hydrogen, with plans to build a new fuel cell production facility at its Ulsan manufacturing complex in South Korea.

Set to begin operations in 2028, the plant will make next-generation fuel cell systems and become the second-largest of its kind in the world, after Hyundai’s HTWO Guangzhou factory in China – a facility with an annual capacity of 6,500 fuel cell systems.

The South Korean firm has been steadily centralising its hydrogen operations. Last year, Hyundai took over Hyundai Mobis’ fuel cell division, bringing R&D and manufacturing in-house.

Now, it’s going a step further – consolidating fuel cell stack production and hydrogen vehicle assembly under one roof in Ulsan.

One-stop hydrogen production

At present, Hyundai’s fuel cell stacks – the heart of a hydrogen powertrain – are built at the former Hyundai Mobis plant in Chungju, before being shipped to Ulsan for final assembly in vehicles like the NEXO.

Once the new plant is up and running, Hyundai will streamline operations by producing fuel cells and building hydrogen-powered vehicles in the same place.

Hyundai’s labour union has backed the plan, and industry sources say construction will start this year.

This comes as part of a broader strategy to scale up fuel cell production, reduce costs, and improve efficiency.

The Ulsan facility, once completed, will further cement Hyundai’s position as one of the leading hydrogen fuel cell manufacturers globally.

A bigger hydrogen play

But Hyundai isn’t just ramping up fuel cell production – it’s expanding its entire hydrogen business.

Under its HTWO brand, launched in 2020, the company is committing to developing hydrogen energy solutions beyond just transport, covering the entire hydrogen value chain, including production, storage, and industrial applications.

If you keep attaching your garbage to my threads I will just repost them.

I know you don’t understand much but this is relevant to anyone interested in the direction of the Green Hydrogen economy of which ITM Power play a part …..

Hyundai announces new hydrogen fuel cell factory in South Korea 🇰🇷⚙️⚡️

Hyundai Motor Company (현대자동차) is doubling down on hydrogen, with plans to build a new fuel cell production facility at its Ulsan manufacturing complex in South Korea.

Set to begin operations in 2028, the plant will make next-generation fuel cell systems and become the second-largest of its kind in the world, after Hyundai’s HTWO Guangzhou factory in China – a facility with an annual capacity of 6,500 fuel cell systems.

The South Korean firm has been steadily centralising its hydrogen operations. Last year, Hyundai took over Hyundai Mobis’ fuel cell division, bringing R&D and manufacturing in-house.

Now, it’s going a step further – consolidating fuel cell stack production and hydrogen vehicle assembly under one roof in Ulsan.

One-stop hydrogen production

At present, Hyundai’s fuel cell stacks – the heart of a hydrogen powertrain – are built at the former Hyundai Mobis plant in Chungju, before being shipped to Ulsan for final assembly in vehicles like the NEXO.

Once the new plant is up and running, Hyundai will streamline operations by producing fuel cells and building hydrogen-powered vehicles in the same place.

Hyundai’s labour union has backed the plan, and industry sources say construction will start this year.

This comes as part of a broader strategy to scale up fuel cell production, reduce costs, and improve efficiency.

The Ulsan facility, once completed, will further cement Hyundai’s position as one of the leading hydrogen fuel cell manufacturers globally.

A bigger hydrogen play

But Hyundai isn’t just ramping up fuel cell production – it’s expanding its entire hydrogen business.

Under its HTWO brand, launched in 2020, the company is committing to developing hydrogen energy solutions beyond just transport, covering the entire hydrogen value chain, including production, storage, and industrial applications.

Looks like ~30,000,000 Million reasons why they need sellers , this will be fun to watch ….. the games have started for sure

https://www.investegate.co.uk/company/ITM/short-positions

Did you know ITM have ~£200Millions in cash in the bank and Zero Debt 🤸🤸👯

A massive market for Green Hydrogen in India ……

Exactly, what a great opportunity to buy shares back for treasury at 28p and sell them back at £1 in the future for future expansion and saving the company £Millions in the process, Business is about thinking outside the box, thinking about future opportunities.

You are missing the point Digitalis, this is Not about rescuing shareholders 😂🤷🏼‍♀️ this is about making a business decision for the future, there are many ways to make money in a business and sometimes one has to look outside the box. Now, if the ~£200Millions cash in bank is already earmarked for something else then obviously it would not be a good idea but buying shares back for less than cash in bank value is a great idea.

You obviously have no idea what you’re talking about bilbo, buying shares back for treasury to sell in the future for future investment has absolutely nothing to do with bailing out shareholders! It’s about making money for the company and quite frankly if you believe in your product and future development it would be financially illiterate not to take advantage of this incredible opportunity. You would obviously set a buyback price you would not go above e.g 35p 40p 28p, it’s a price that benefits the company, no one else …..

Dennis has shown amazing discipline in managing both cash and Quality control, unseen in the majority of AIM companies, a true professional leader!

I just wish they would take advantage of the low sp to buy shares back for treasury to use in the future for future developments, not in order to push the sp up. A great opportunity here for ITM to benefit from this situation.

More likely to be private investors buying back in seeing the direction of travel of the Green Hydrogen Pipeline, I haven’t seen any large round number buys ?

I still think some company buybacks at this level would be a great opportunity for ITM !

@wookie , of course they’re not invested, take no notice of them, you can smell their fear. They have 23,000,000 million reasons to be fearful …… they post garbage and then proclaim fact ! Absolute clowns 🤡

At or around the current SP it makes complete sense and the benefits are enormous!

They can buy back for treasury whenever they want, the only stipulation is they must use Cash to buy back and we all know ITM have ~£190Millions in cash in the bank so an Amazing Opportunity for ITM to capitalise on this unique position.

They can then sell the shares back later for future investments that arise.

Probably a good idea for ITM to buy back shares and hold them in treasury for a sell later, £10 Millions bought back now could give them £100 Millions later, the only rule for buyback is they have to use Cash 🤭 but guess what 🤷‍♀️ ITM have ~£190 Millions in CASH 😃 a Great opportunity here for Amy to make some money for ITM and help future investment 🤸‍♀️🤸🥂🍾🥂

@Digitalis as you quite rightly pointed out, quote:

“As for Helikon as per their latest published accounts they had around 11 million cash in bank and around 5 million of trade debts to receive; after taking 17million in dividends over the year and previous year. A third of the assets at Sept 2023 is needed to buyback their position assuming they can get it as 27p which as has already been said is unlikely because it will be spotted when they try to unwind.”

It wont take too much of a rise not only to wipe out their profit here but to wipe out their 11million in bank, they could be looking at a Substantial Loss running into the £Millions hence the shear panic by the trolls and constant negative comments/posts, the time dedicated by these clowns 🤡 here is laughable!

The main innovation of this hydrogen engine is its efficient manufacturing and compact dimensions.The new compact design of the fuel cell system provides automobile manufacturers with more flexibility in planning vehicles while delivering better results. The motor offers greater power potential and enhanced driving capability, which tackles some major obstacles of hydrogen fuel cell vehicles.

This brand-new hydrogen engine is starting to reshape the whole automotive sector. Governments worldwide are implementing emissions limits while pursuing environmentally sustainable transportation methods through hydrogen fuel cell technology, which provides an alternative to traditional gasoline and diesel-powered engines.The new Honda engine holds the potential to support hydrogen-powered vehicles and gain more market penetration, which would decrease fuel dependence on fossil sources.

Honda joins GM in collaborating with government institutions and other major stakeholders to promote the establishment of hydrogen refuel stations throughout the nation.

The road to a hydrogen-powered future is closer than ever!

You can see why the panic attacks by the shorters, the way ahead is Green Hydrogen!

https://hydrogen-central.com/not-toyota-not-yamaha-new-hydrogen-engine-from-japan-shocks-the-world/

The Future Is Bright - The Future Is ITM Power

ITM Power

Based in Sheffield, ITM Power specialises in electrolysers producing green hydrogen. Their projects align with the UK’s net-zero targets and contribute significantly to the hydrogen supply chain.

https://haush.co.uk/hydrogen-gas-in-the-uk-supply-quantities-and-costs/

@IKFA, no one is selling in volumes hence the desperation and fear shown by the trolls / derampers / non invested , that’s why they are out in force, always a good sign for genuine investors …..