Hyundai Motor Company and Škoda Group have agreed to jointly explore hydrogen fuel cell-powered mobility solutions.
Under a Memorandum of Understanding (MoU), the two companies aim to study the adoption of energy-efficient solutions for mobility projects and products, and explore a “hydrogen ecosystem and value chain opportunities beyond mobility.”
Hyundai is expected to share its fuel cell system and technology with markets where Škoda operates, such as the Czech Republic. The two companies will also conduct feasibility studies for fuel cell system applications for “diverse utilisation beyond mobility.”
The signing ceremony took place at the Korea-Czech Republic Business Summit in Prague last week and was attended by Ken Ramírez of Hyundai and Škoda’s Petr Novotny.
“Together with Škoda Group, we strive to lead the rapidly growing hydrogen businesses by creating positive synergies between our fuel cell technology and Škoda Group’s mobility products and projects,” explained Ramírez, the Executive Vice President.
Novotny, Škoda Group CEO, added, “We believe that hydrogen, alongside energy-efficient solutions, will play an essential role in transforming mobility for a more sustainable future.
“Our collaboration with Hyundai Motor Company aims at enabling us to look beyond national borders and explore wider markets where these technologies can have a larger impact.”
On September 12, Hyundai also agreed to collaborate on passenger and commercial vehicle production with General Motors, which could rely on hydrogen technologies.
Read more:GM and Hyundai partner on hydrogen and EV opportunities
