Hyundai’s China hydrogen venture wins Guangzhou backing

Hyundai Motor Group said Thursday that its HTWO Guangzhou plant, the group’s first overseas hydrogen fuel cell system production base, had been selected as a leading company in Guangzhou’s initiative to build China’s hydrogen industry ecosystem.

The Guangzhou Municipal Bureau of Industry and Information Technology designated HTWO Guangzhou as a “leading enterprise in the hydrogen energy industrial chain” under the city’s broader strategy to foster new energy and energy storage industries.

Guangz ...