It is an import fuel cell part, equivalent to the engine cylinder of an internal combustion engine. But, Hyundai has imported all its parts, because only three or four global chemical companies including Japan’s Gore and 3M of the U.S. could produce them.
“It is meaningful that we have technological independence. With the new MEA technology, we now have localized all the parts manufacturing technologies required for fuel cell vehicles,” said a company spokesman.
Currently, the fuel cell battery costs 40 percent of the overall vehicle price and the MEA is 40 percent of the battery cost. The Hyundai-developed MEA has a better performance and price competitiveness, compared with its rivals.
The company is testing a second production facility in Uiwang, Gyeonggi Province, which is seven times larger than the one in Yongin. The fuel cell EVs, which have difficulty in attracting customers because of their prohibitive prices, can expect further price cuts in the future.
“MEA related technology can be applied to all other areas where fuel cells are used. In the long term, the technology will make a new industrial ecosystem in the hydrogen energy sector and emerge as a new growth engine,” said Kim Sae-hoon, a researcher at the center said.
The application of fuel cells has been expanding, from vehicles to power generation for homes and buildings. Hyundai will deliver three Tucson ix35 fuel cell SUVs, mounting the new localized MEA, to the Chungnam Provincial Government on Sept. 21.