The Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding through which the OEMs will jointly establish a hydrogen mobility ecosystem.
A signing ceremony for the MoU took place at the Korea-Czech Republic Business Summit in Prague, and was attended by Ken Ramírez, Executive Vice President and Head of Global Commercial Vehicle and Hydrogen Business at Hyundai Motor Company, and Petr Novotný, CEO of Škoda Group.
Through their new MOU, the OEMs will together study the adoption of hydrogen fuel cell systems and technologies, alongside the adoption of energy efficient solutions for mobility projects and products, while also exploring hydrogen ecosystem and value chain opportunities beyond mobility. Hyundai Motor Company and Škoda Group will also conduct feasibility studies for fuel cell system applications for diverse utilization beyond mobility. Leveraging its global expertise and insights in operating various hydrogen applications in both mobility and energy sectors, Hyundai is poised to play a pivotal role in aiding the energy transition.
Hyundai and Skoda see hydrogen as a key pillar for a sustainable society, which they believe starts with mobility. As part of the MOU, the parties will explore the potential for Hyundai to share its fuel cell system and technology, thereby contributing to the acceleration of eco-friendly mobility across global markets where the Škoda Group operates, including the Czech Republic.
Under its hydrogen value chain business, HTWO, the Hyundai Motor Group is committed to building a hydrogen society. This business encompasses the group’s businesses and affiliates, enabling each stage of the entire hydrogen value chain.