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Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding (MOU) to collaborate on hydrogen mobility solutions and energy-efficient innovations. This partnership, announced during the Korea-Czech Business Summit in Prague, focuses on advancing hydrogen technology, eco-friendly mobility, and contributing to a sustainable future. Key highlights of the agreement include the adoption of Hyundai’s hydrogen fuel cell systems and exploring wider market opportunities for hydrogen energy beyond mobility.
Key Highlights:
- Partnership Goal: Accelerate hydrogen adoption and contribute to carbon neutrality.
- Focus Areas: Adoption of hydrogen fuel cell systems, energy-efficient solutions, and expanding the hydrogen ecosystem.
- Signatories: Ken Ramírez, Executive Vice President at Hyundai Motor Company, and Petr Novotný, CEO of Škoda Group.
- Target Markets: Czech Republic and global regions where Škoda Group operates.
- Hydrogen Ecosystem Expansion: Hyundai will share its hydrogen fuel cell technology, and both parties will explore opportunities beyond mobility, aiming for wider industrial applications.
Hyundai and Škoda’s collaboration represents a significant step towards creating a sustainable mobility ecosystem through hydrogen technologies. As both companies look toward the future, they will work together to leverage Hyundai’s fuel cell expertise and Škoda’s mobility projects.
“Our partnership with Škoda Group aims to accelerate hydrogen adoption, which would contribute to the advancement of hydrogen technology and carbon neutrality across global markets, including the Czech Republic,” said Ken Ramírez, Hyundai’s Executive Vice President.
Petr Novotný, CEO of Škoda Group, added, “We believe that hydrogen, alongside energy-efficient solutions, will play an essential role in transforming mobility for a more sustainable future.”
Hyundai’s Expertise in Hydrogen Technologies
Hyundai’s leadership in hydrogen technology is well-established through its HTWO brand, which covers all aspects of the hydrogen value chain. This collaboration allows Škoda Group to adopt Hyundai’s advanced systems for use in its mobility products and projects, aiming to reduce carbon footprints and create sustainable transport solutions.
Additionally, Hyundai’s manufacturing plant in Nošovice, Czech Republic, demonstrates the company’s commitment to the region. With an annual capacity of 350,000 vehicles, it remains one of the most modern facilities in Europe and the largest foreign investment in the Czech Republic.
Through this agreement, Hyundai and Škoda Group will explore new business opportunities, bringing eco-friendly hydrogen solutions to various sectors, aiming to transform mobility and contribute to a clean energy future globally.
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