HTWO Guangzhou Co., Ltd. teams up with Air Liquide China to explore a demonstration model integrating hydrogen supply, refueling and commercial vehicles

[Financial News] Hyundai Motor Group is introducing a business model in China's hydrogen commercial-vehicle market that integrates hydrogen supply, refueling and vehicle operations.
On the 9th, HTWO Guangzhou Co., Ltd., Hyundai Motor Group's first overseas production base for hydrogen fuel-cell systems, said it had signed a memorandum of understanding (MOU) with Air Liquide China, the Chinese subsidiary of French gas company Air Liquide, at the 9th China International Import Expo (CIIE 2026), held in Shanghai on the 6th.
The signing ceremony was attended by Choi Du-ha, Hyundai Motor's head of commercial hydrogen business for China and general manager of HTWO Guangzhou Co., Ltd.; Rui Coelho, CEO of Air Liquide China; Clement Rix, deputy director; and Chen Xing, deputy general manager, among others.
HTWO Guangzhou Co., Ltd. handles the research and development, production and sales of hydrogen fuel-cell systems, and is developing technologies and products tailored to China's hydrogen commercial-vehicle market. This year, it was selected as the only foreign-invested company among 96 leading companies in Guangzhou's hydrogen energy industry chain. Air Liquide China operates in China across hydrogen production, storage and transport, as well as infrastructure development, including the construction, installation and operation of hydrogen refueling stations.
The two companies plan to link these capabilities to explore an integrated hydrogen value-chain demonstration model spanning vehicle transportation, refueling infrastructure and hydrogen supply, while also bringing in a range of partners from the hydrogen industry ecosystem.
Specifically, they will connect hydrogen supply with the operation of hydrogen commercial vehicles in real-world transport settings, including logistics hubs and trunk-line transport, to validate an efficient operating model. They aim to improve economic viability by reducing total cost of ownership (TCO) and develop a hydrogen mobility business model suited to the Chinese market.
General Manager Choi said, "HTWO Guangzhou Co., Ltd. is continuously working to expand the adoption of hydrogen fuel cells in China's commercial-vehicle market, drawing on its R&D and production capabilities in hydrogen fuel cells," adding, "Through this cooperation, we plan to explore a hydrogen value-chain business model linking vehicle transportation, refueling infrastructure and hydrogen supply, and contribute to China's hydrogen mobility industry."
Chen Xing, deputy general manager of Air Liquide China, said, "By combining the strengths of our respective companies, we hope to expand cooperation in various areas, including hydrogen logistics and vehicle demonstrations, explore hydrogen mobility solutions that are both economically viable and sustainable, and contribute to the green transition in China's transport sector."
The two companies also plan to continue discussing specific application scenarios and ways to cooperate. They aim to contribute to China's 'dual-carbon' goals of peaking carbon emissions in 2030 and achieving carbon neutrality in 2060 by expanding the use of hydrogen commercial vehicles and reducing greenhouse gas emissions in logistics. Hyundai Motor Group and Air Liquide have pursued strategic cooperation since 2018 in areas including promoting the hydrogen fuel-cell vehicle market, increasing the use of hydrogen and developing business models for hydrogen refueling stations.
[email protected] Kim Dong-chan Reporter