Hyundai Motor Group has partnered with companies from Korea, Hong Kong, mainland China and France to develop a comprehensive hydrogen ecosystem in Hong Kong. Announced during the International Hydrogen Development Symposium 2026, the initiative follows a Korea-Hong Kong intergovernmental MoU aimed at strengthening hydrogen cooperation and business partnerships. The project is expected to help establish Hong Kong’s hydrogen economy while positioning the city as a strategic hub for Hyundai’s hydrogen business expansion across the Asia-Pacific region.
The agreement was signed by Seung Kyu Shin, Executive Vice President and Head of Energy & Hydrogen Policy Sub-Division at Hyundai Motor Group; Cheng Don H.K., Chief Operating Officer – Hong Kong Business at The Hong Kong and China Gas Company Limited; Yu Taek Seo, Vice President at Hyundai Engineering & Construction Co., Ltd.; Norman Cheng, Chief Operating Officer of Veolia Hong Kong Holding Ltd.; In Gu Park, Chief Executive Officer of JEA ENG., Co., Ltd.; Zhang Jian, Chairman of China Inspection Company., Ltd.; Wu Pinfang, Chairman of Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd.; Alfred Wong, Partner at Templewater Limited; Ir William Luk, Deputy Chief Executive Officer of Chun Wo Construction and Engineering Company Limited; and Calvin Wong, Chief Executive Officer of Chun Wo Bus Services Limited.
The signing ceremony was witnessed by representatives from Hong Kong, including Diane Wong, Acting Secretary for Environment and Ecology of the HKSAR; Poon Kwok Ying, Director of Electrical and Mechanical Services of the HKSAR; and Alpha Lau, Director-General of Investment Promotion of Invest Hong Kong, as well as Jeong Eui Kyung, Deputy Minister of Land, Infrastructure and Transport, representing Korea.
This initiative strengthens business momentum for the Group’s global hydrogen vision by outlining a strategic background, an actionable execution plan and Korea–Hong Kong corporate partnerships for Hong Kong’s hydrogen ecosystem project.
“This MoU was signed as Hyundai Motor Group’s commitment to advancing Hong Kong’s proactive hydrogen policies and driving the acceleration of its hydrogen ecosystem utilizing the Group’s hydrogen business capability and experience. Starting with Hong Kong, we look forward to expanding our collaboration and business opportunities across the broader Asia-Pacific hydrogen market.” – Seung Kyu Shin, Executive Vice President and Head of Energy & Hydrogen Policy Sub-Division at Hyundai Motor Group.
“Today multi-party signing is both a landmark moment for Hong Kong’s green economy and a clear signal that the city’s hydrogen ecosystem is gaining real traction. Over the past three years, InvestHK has helped leading hydrogen enterprises establish themselves in Hong Kong, several of which have since listed on the Hong Kong Stock Exchange, raising over HK$2.5 billion in total. For businesses with global green ambitions, Hong Kong is where business growth takes shape.” – Alpha Lau, Director-General of Investment Promotion of Invest Hong Kong.
Hyundai Motor Group is also participating as an exhibitor at the Symposium taking place at the Hong Kong Convention and Exhibition Centre from May 18–20, 2026.
At the event, the Group is showcasing HTWO, its dedicated hydrogen brand and business platform, while presenting its roadmap for developing Hong Kong’s hydrogen ecosystem. The exhibition also features Hyundai’s Waste-to-Hydrogen (W2H) technologies and global hydrogen initiatives, alongside a fuel cell system produced at HTWO Guangzhou — the Group’s first overseas fuel cell system manufacturing facility. The display highlights Hyundai Motor Group’s integrated expertise across the hydrogen value chain, spanning clean energy production, infrastructure and mobility applications beyond automotive use.
Through HTWO, the Group integrates affiliate capabilities to deliver end-to-end hydrogen solutions across the entire hydrogen value chain — from production to storage, transportation, and refueling to utilization. As an open platform for collaboration, partnerships, and investment, HTWO reflects the Group’s continued commitment to advancing practical energy and hydrogen solutions worldwide in collaboration with governments, industry and innovators.
Hyundai Motor Group is establishing a hydrogen ecosystem in Hong Kong to support the city’s Climate Action Plan 2050 and transition toward carbon neutrality. The initiative follows Hong Kong’s 2024 Hydrogen Roadmap and incentives for hydrogen vehicles and refueling infrastructure. Hyundai sees strong potential in the market due to Hong Kong’s dependence on imported energy and limited renewable energy production capacity, making clean hydrogen an important alternative energy source.
The project focuses on creating a complete hydrogen value chain tailored to Hong Kong’s needs. Key plans include producing low-carbon hydrogen using landfill gas through a Waste-to-Hydrogen (W2H) ecosystem, deploying hydrogen fuel cell buses for tourism and airport shuttle services, and developing hydrogen refueling stations in high-traffic areas. Fuel cell systems for commercial vehicles will be supplied through Hyundai’s HTWO Guangzhou operations.
To execute the project, Hyundai has signed an MoU with 10 partners from Korea, Hong Kong, France, and mainland China. These partners will contribute across hydrogen production, infrastructure development, vehicle deployment, certification, and technical support. Major collaborators include Hyundai Engineering & Construction, The Hong Kong and China Gas Company Limited, Veolia, and Jiangsu Guofu Hydrogen Energy Equipment Co. Ltd.
The next phase will focus on confirming project sites by 2027 and beginning facility design and infrastructure development. Hyundai and its partners aim to establish a fully operational and self-sustaining hydrogen ecosystem in Hong Kong by 2030. The initiative also aligns with Hyundai’s broader global hydrogen strategy, which includes hydrogen projects in Korea and Indonesia focused on waste-to-hydrogen production and clean mobility solutions.
