Hyundai Motor Company and Škoda Group have joined forces to try to advance hydrogen mobility by signing a Memorandum of Understanding (MOU) during the Korea-Czech Business Summit, held in Prague on September 20th, 2024. This collaboration aims to promote the adoption of hydrogen technology in the transportation sector, contributing to a more sustainable future for the automotive industry.
The signing ceremony featured Ken Ramírez, Executive Vice President of Global Commercial Vehicle and Hydrogen Business at Hyundai Motor Company, and Petr Novotný, CEO of Škoda Group. Both companies pledged their commitment to exploring hydrogen fuel cell systems and energy-efficient solutions for future mobility 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,”
Petr Novotný, CEO of Škoda Group.
Both companies share the belief that hydrogen will play a crucial role in achieving a sustainable society, particularly within the transportation sector. Hyundai will provide its expertise in hydrogen fuel cell systems and technology to accelerate eco-friendly mobility in markets where Škoda operates, including the Czech Republic.
Beyond mobility, the companies will also investigate the potential applications of hydrogen technology in other sectors. Hyundai’s global experience in hydrogen applications positions it to support broader energy transitions. Through this partnership, both Hyundai and Škoda aim to create a strong hydrogen ecosystem.
“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. 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.”
Ken Ramírez, Executive Vice President and Head of Global Commercial Vehicle and Hydrogen Business, Hyundai Motor Company
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