We reported earlier that Hyundai seems to be knocking on MOTIE (Ministry of Trade, Industry and Energy) for an export approval to build a new hydrogen fuel cell factory in Guangzhou, China. Now Hyundai actually garnered approval, but for different regions.
MOTIE revealed this week that it decided to approve Hyundai’s export of hydrogen fuel cell technology for Hydrogen Fuel Cell Vehicles (HFCV) after a review by the Industrial Technology Protection Committee, which is chaired by MOTIE minister and occupied by both civilians and government officials. The export of the hydrogen fuel cell technology needs the legal sanction, as it is designated as one of 69 ‘National Core Technologies.’ The Act on Prevention of Divulgence and Protection of Industrial Technology requires prior approval for the export of National Core Technologies whose development was funded by the government.
The decision specifically approves two export transactions, each to the US and Europe. MOTIE said Hyundai would be able to supply “core hydrogen car parts” including fuel cells and motors to the US market utilizing its in-house fuel cell system and Cummins’ motors.
To the European market, Hyundai now has the go-ahead to sell fuel cells to a carmaker, which is dubbed as “company A” in the statement.
MOTIE said the latest approval is the first case in which the export of hydrogen fuel cell systems, not hydrogen cars, is approved.