Collaboration Aims to Accelerate Eco-Friendly Solutions Globally
Hyundai Motor Company and the Skoda Group have signed an MoU to establish a hydrogen mobility ecosystem. The signing ceremony took place at the Korea-Czech Republic Business Summit in Prague on September 20. It was attended by Ken Ramírez, Executive Vice-President at Hyundai, and Petr Novotný, CEO of Skoda Group.
Key Areas of Collaboration
The MoU covers:
- Study on adoption of hydrogen fuel cell systems and technologies
- Study on adoption of energy-efficient solutions for mobility projects and products
- Exploring hydrogen ecosystem and value chain opportunities beyond mobility
Statements from Company Executives
Hyundai Motor Company
Executive Vice President Ramírez stated, “Our partnership with Skoda Group aims to accelerate hydrogen adoption. This would contribute to advancing hydrogen technology and carbon neutrality across global markets, including the Czech Republic. Together with Skoda Group, we strive to lead the rapidly growing hydrogen businesses. We will create positive synergies between our fuel cell technology and Skoda Group’s mobility products and projects.”
Skoda Group
Petr Novotný, CEO of Skoda Group, added, “We believe that hydrogen will play an essential role in transforming mobility. Our collaboration with Hyundai Motor Company aims at enabling us to look beyond national borders. We will explore wider markets where these technologies can have a larger impact. By working together, we can bring innovative, eco-friendly solutions to the global mobility ecosystem. This will advance cleaner energy in the areas where it’s needed most.”
Shared Vision for a Sustainable Future
Both parties share the view that hydrogen will be a key pillar for a sustainable society. As part of the MOU, the parties will explore the possibility of Hyundai sharing its fuel cell system and technology. This will contribute to accelerating eco-friendly mobility across global markets where Skoda Group operates, including the Czech Republic.
Exploring Fuel Cell Applications Beyond Mobility
Hyundai Motor Company and the Skoda Group will also conduct feasibility studies for fuel cell system applications. These studies will focus on diverse utilization beyond mobility. This collaboration marks a significant step towards advancing hydrogen technology and promoting a cleaner, more sustainable future.
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