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Hyundai Motor and Škoda Group to Collaborate on Hydrogen Advancement and Energy Efficient Solutions for Mobility

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Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding (MOU) to collaborate on establishing a hydrogen mobility ecosystem. The agreement, signed during the Korea-Czech Business Summit in Prague, covers:

  • Study on adoption of hydrogen fuel cell systems and technologies
  • Study on adoption of energy-efficient solutions for mobility projects and products
  • Exploring hydrogen ecosystem and value chain opportunities beyond mobility

The partnership aims to accelerate hydrogen adoption, contribute to carbon neutrality, and explore fuel cell system applications beyond mobility. Hyundai may share its fuel cell system and technology to support eco-friendly mobility in markets where Škoda Group operates. Both companies view hydrogen as a key pillar for a sustainable society, starting with mobility.

Hyundai Motor Company e Škoda Group hanno firmato un Protocollo d'Intesa (MOU) per collaborare all'istituzione di un ecosistema di mobilità a idrogeno. L'accordo, firmato durante il Summit Economico Corea-Cechia a Praga, comprende:

  • Studio sull'adozione di sistemi e tecnologie a celle a combustibile a idrogeno
  • Studio sull'adozione di soluzioni energetiche efficienti per progetti e prodotti di mobilità
  • Esplorazione dell'ecosistema dell'idrogeno e opportunità della catena del valore oltre la mobilità

La partnership si propone di accelerare l'adozione dell'idrogeno, contribuire alla neutralità carbonica e esplorare applicazioni del sistema a celle a combustibile oltre la mobilità. Hyundai potrebbe condividere il proprio sistema e tecnologia a celle a combustibile per supportare la mobilità eco-sostenibile nei mercati in cui opera Škoda Group. Entrambe le aziende vedono l'idrogeno come un pilastro fondamentale per una società sostenibile, partendo dalla mobilità.

Hyundai Motor Company y Škoda Group han firmado un Memorando de Entendimiento (MOU) para colaborar en el establecimiento de un ecosistema de movilidad de hidrógeno. El acuerdo, firmado durante la Cumbre Empresarial Corea-Cheka en Praga, abarca:

  • Estudio sobre la adopción de sistemas y tecnologías de celdas de combustible de hidrógeno
  • Estudio sobre la adopción de soluciones energéticas eficientes para proyectos y productos de movilidad
  • Exploración de oportunidades en el ecosistema de hidrógeno y la cadena de valor más allá de la movilidad

La asociación tiene como objetivo acelerar la adopción del hidrógeno, contribuir a la neutralidad de carbono y explorar aplicaciones del sistema de celdas de combustible más allá de la movilidad. Hyundai podría compartir su sistema y tecnología de celdas de combustible para apoyar la movilidad ecológica en los mercados donde opera Škoda Group. Ambas compañías consideran el hidrógeno como un pilar clave para una sociedad sostenible, comenzando con la movilidad.

현대자동차와 스코다 그룹은 양해각서 (MOU)에 서명하며 수소 이동 생태계 구축을 위해 협력할 것을 약속했습니다. 이번 협정은 프라하에서 열린 한-체코 비즈니스 정상회의 중에 서명되었으며, 다음 내용을 포함합니다:

  • 수소 연료전지 시스템과 기술 도입에 대한 연구
  • 모빌리티 프로젝트 및 제품을 위한 에너지 효율 솔루션 도입에 대한 연구
  • 모빌리티를 넘어선 수소 생태계 및 가치 사슬 기회 탐색

이번 파트너십의 목표는 수소 도입을 가속화하고 탄소 중립에 기여하며, 이동 수단 이상의 연료전지 시스템 적용 가능성을 탐구하는 것입니다. 현대는 스코다 그룹이 운영되는 시장에서 친환경적인 이동성을 지원하기 위해 연료전지 시스템 및 기술을 공유할 수 있습니다. 두 회사는 수소를 지속 가능한 사회의 핵심 축으로 보고 있으며, 이는 모빌리티에서 시작됩니다.

Hyundai Motor Company et le Groupe Škoda ont signé un Mémorandum d'Entente (MOU) pour collaborer à l'établissement d'un écosystème de mobilité à hydrogène. L'accord, signé lors du Sommet des affaires Corée-Tchéquie à Prague, couvre :

  • Étude sur l'adoption de systèmes et de technologies à hydrogène
  • Étude sur l'adoption de solutions énergétiquement efficaces pour les projets et produits de mobilité
  • Exploration des opportunités dans l'écosystème de l'hydrogène et de la chaîne de valeur au-delà de la mobilité

Ce partenariat vise à accélérer l'adoption de l'hydrogène, à contribuer à la neutralité carbone et à explorer les applications des systèmes à hydrogène au-delà de la mobilité. Hyundai pourrait partager son système et sa technologie de piles à hydrogène pour soutenir une mobilité écologique sur les marchés où le Groupe Škoda est présent. Les deux entreprises considèrent l'hydrogène comme un pilier clé pour une société durable, en commençant par la mobilité.

Die Hyundai Motor Company und die Škoda Group haben ein Memorandum of Understanding (MOU) unterzeichnet, um bei der Schaffung eines Wasserstoffmobilitätsökosystems zusammenzuarbeiten. Die Vereinbarung, die während des Korea-Tschechischen Wirtschaftsgipfels in Prag unterzeichnet wurde, umfasst:

  • Studie zur Einführung von Wasserstoff-Brennstoffzellensystemen und -technologien
  • Studie zur Einführung von energieeffizienten Lösungen für Mobilitätsprojekte und -produkte
  • Erforschung von Wasserstoffökosystem und Wertschöpfungskettenmöglichkeiten über die Mobilität hinaus

Die Partnerschaft zielt darauf ab, die Wasserstoffnutzung zu beschleunigen, zur Kohlenstoffneutralität beizutragen und Anwendungen von Brennstoffzellensystemen über die Mobilität hinaus zu erforschen. Hyundai könnte sein Brennstoffzellensystem und seine Technologie teilen, um umweltfreundliche Mobilität in Märkten, in denen die Škoda Group tätig ist, zu unterstützen. Beide Unternehmen betrachten Wasserstoff als einen entscheidenden Pfeiler für eine nachhaltige Gesellschaft, beginnend mit der Mobilität.

Positive
  • Potential expansion of Hyundai's hydrogen fuel cell technology into new markets
  • Collaboration may accelerate hydrogen adoption and contribute to carbon neutrality
  • Exploration of hydrogen ecosystem opportunities beyond mobility
Negative
  • None.
  • Hyundai Motor Company and Škoda Group sign a Memorandum of Understanding (MOU) during the Korea-Czech Business Summit in Prague
  • Both parties to cooperate in establishing a hydrogen economy and realizing a sustainable future mobility ecosystem
  • Škoda Group to explore hydrogen mobility expansion by adopting Hyundai's hydrogen fuel cell systems and technologies

SEOUL, South Korea and PRAGUE , Sept. 20, 2024 /PRNewswire/ -- Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding (MOU) to commence collaboration on establishing a hydrogen mobility ecosystem.

The signing ceremony, which took place at the Korea-Czech Republic Business Summit in Prague, 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.

The MOU covers study on adoption of hydrogen fuel cell systems and technologies, study on adoption of energy efficient solutions for mobility projects and products, and exploring hydrogen ecosystem and value chain opportunities beyond mobility.

"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 Executive Vice President Ramírez. "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."

"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. By working together, we can bring innovative, eco-friendly solutions to the global mobility ecosystem, advancing cleaner energy in the areas where it's needed most," said Petr Novotný, CEO of Škoda Group.

Both parties share the view that hydrogen will be a key pillar for a sustainable society, starting with mobility. As part of the MOU, the parties will explore the possibility that Hyundai would share its fuel cell system and technology, contributing to the acceleration of eco-friendly mobility across global markets where Škoda Group operates, including the Czech Republic.

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 Motor Group is committed to building a hydrogen society under its hydrogen value chain business brand HTWO, which encompasses the Group's businesses and affiliates, enabling each stage of the entire hydrogen value chain.

Hyundai Motor Manufacturing Czech (HMMC) in Nošovice, established in 2008, has an annual manufacturing capacity of 350,000 vehicles. Considered one of the most modern car manufacturers in Europe, the manufacturing plant was also the largest foreign investment in the Czech Republic.

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SOURCE Hyundai Motor Company

FAQ

What is the purpose of the MOU between Hyundai Motor and Škoda Group?

The MOU aims to establish a hydrogen mobility ecosystem, study the adoption of hydrogen fuel cell systems and energy-efficient solutions, and explore hydrogen ecosystem opportunities beyond mobility.

How might this collaboration affect Hyundai Motor's (HYMTF) hydrogen business?

This collaboration could potentially expand Hyundai's hydrogen fuel cell technology into new markets where Škoda Group operates, potentially increasing Hyundai's market share in the hydrogen mobility sector.

What specific areas will Hyundai Motor and Škoda Group focus on in their collaboration?

The companies will focus on studying the adoption of hydrogen fuel cell systems and technologies, energy-efficient solutions for mobility projects, and exploring hydrogen ecosystem opportunities beyond mobility.

When and where was the MOU between Hyundai Motor and Škoda Group signed?

The MOU was signed on September 20, 2024, during the Korea-Czech Business Summit in Prague.

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