Hyundai Motor Group has signed a multi-party agreement with companies from Korea, Hong Kong, mainland China and France to develop a hydrogen ecosystem in Hong Kong, as the company expands its hydrogen business footprint across the Asia-Pacific region.
The memorandum of understanding (MoU) was announced during the International Hydrogen Development Symposium 2026 in Hong Kong and follows an intergovernmental agreement between Korea and Hong Kong on hydrogen policy cooperation.
Under the project, Hyundai plans to introduce a waste-to-hydrogen (W2H) model that will use landfill gas to produce low-carbon hydrogen locally. The initiative also includes the development of hydrogen refuelling stations and the deployment of hydrogen-powered commercial vehicles, including airport shuttles and tour buses.
The automaker said Hong Kong’s dependence on imported energy and its limited renewable energy generation capacity make hydrogen a potential alternative fuel source under the city’s Climate Action Plan 2050.
The project will involve 10 companies across the hydrogen value chain. Hyundai Motor Company will lead the overall execution, while Hyundai Engineering & Construction and JEA ENG will support hydrogen production and refuelling infrastructure development. Other partners include The Hong Kong and China Gas Company, Veolia Hong Kong Holding, Jiangsu Guofu Hydrogen Energy Equipment and Chun Wo Bus Services.
Hyundai said fuel cell systems for the commercial vehicles will be supplied through HTWO Guangzhou, the group’s overseas fuel-cell production facility in China.
“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,” said Seung Kyu Shin, executive vice president and head of energy and hydrogen policy at Hyundai Motor Group.
The company said the first phase of the project will focus on establishing waste-to-hydrogen facilities and initial hydrogen refuelling infrastructure, with the broader hydrogen ecosystem targeted to become operational by the end of 2030. Site confirmation is expected by 2027, after which facility design work will begin.