Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding (MOU) to collaborate on hydrogen technology advancement and energy-efficient mobility solutions. This partnership aims to accelerate the adoption of hydrogen fuel cell systems and explore opportunities beyond traditional mobility applications.
The MOU was signed during the Korea-Czech Republic Business Summit in Prague. The collaboration focuses on studying the adoption of hydrogen fuel cell systems and technologies. Both companies will explore energy-efficient solutions for mobility projects and products.
The partnership aims to expand the hydrogen ecosystem and value chain beyond mobility. Hyundai may share its fuel cell system and technology with Škoda Group. The collaboration could accelerate eco-friendly mobility across Škoda Group's operating markets, including the Czech Republic.
Feasibility studies for fuel cell system applications beyond mobility will be conducted. Hyundai sees this as an opportunity to advance hydrogen technology and carbon neutrality in global markets.
Škoda Group views hydrogen as essential for transforming mobility towards a sustainable future. The partnership aligns with Hyundai's commitment to building a hydrogen society under its HTWO brand.
This collaboration between Hyundai and Škoda Group represents a significant step towards advancing hydrogen technology in the transportation sector and beyond. By combining Hyundai's expertise in fuel cell systems with Škoda Group's mobility products, the partnership aims to drive innovation and accelerate the transition to cleaner energy solutions.
