Dubai, September 28, 2024: In a bold move toward sustainable energy, Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding (MoU) to collaborate on advancing hydrogen technology and energy-efficient mobility.
The agreement was formalized during the Korea-Czech Republic Business Summit held in Prague. The signing was attended by Ken Ramírez, Executive Vice President of Hyundai, and Petr Novotný, CEO of Škoda Group.
Driving a Hydrogen-Powered Future:
The partnership marks a significant step in promoting a hydrogen-based economy. Both companies will work together on fuel cell systems, sustainable transportation solutions, and exploring hydrogen applications beyond the automotive industry.
Petr Novotný remarked,
“We believe hydrogen will play an essential role in transforming global mobility into a more sustainable future.”
This strategic alliance aims to enhance the availability of eco-friendly transport, particularly in Škoda’s key markets such as the Czech Republic.
Strategic Sharing of Technology:
Hyundai will contribute its state-of-the-art fuel cell systems, developed under its HTWO hydrogen brand. These systems will be integrated into Škoda’s mobility initiatives, supporting emissions reduction and sustainable growth in European transport networks.
Ken Ramírez stated,
“Together, we will accelerate hydrogen adoption and create synergies between fuel cell systems and innovative mobility projects.”
Expanding Hydrogen Use Beyond Vehicles:
The collaboration is not limited to vehicles. Hyundai and Škoda plan to explore hydrogen-powered infrastructure and stationary energy systems. These applications could include power generation and off-grid energy solutions, reflecting a broader commitment to energy diversification.
Hyundai’s hydrogen expertise, built across both mobility and energy domains, will play a central role. Its Nošovice plant in the Czech Republic is expected to support production and development of hydrogen-powered vehicles.
A Shared Vision for Sustainability:
This partnership demonstrates a strong mutual commitment to carbon neutrality. By working together, both companies hope to transform hydrogen into a mainstream clean energy solution.
As demand for green technologies rises globally, the Hyundai-Škoda alliance showcases how international cooperation can drive innovation, sustainability, and economic transformation.
Conclusion:
The Hyundai-Škoda MoU marks a turning point in hydrogen development. It reflects how leading companies are shaping a future where clean energy, advanced technology, and international collaboration go hand in hand.
