Another significant development in the automotive industry follows the recent agreement between BMW and Toyota, in which Hyundai and Skoda are to collaborate to advance the development of hydrogen-powered vehicles as a sustainable alternative to electric cars. This collaboration aligns with Motoring Echo’s long-standing support for hydrogen power, recognising that not everyone is convinced about or wants an electric vehicle now or in the future!
Read on…
Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding (MOU) to collaborate on establishing a hydrogen mobility ecosystem.
The signing ceremony took place at the Korea-Czech Republic Business Summit in Prague and 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 studies on the adoption of hydrogen fuel cell systems and technologies, as well as studies on the adoption of energy-efficient solutions for mobility projects and products. Additionally, it includes exploration of hydrogen ecosystem and value chain opportunities beyond mobility.
Executive Vice President Ramírez stated, “Our partnership with Škoda Group aims to accelerate hydrogen adoption, contributing to advancing 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.”
Petr Novotný, CEO of Škoda Group, mentioned, “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 to enable 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 most urgently needed.”
Both parties believe hydrogen will be a crucial 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 the Škoda Group operates, including the Czech Republic.
Hyundai and Škoda will also conduct feasibility studies for fuel cell system applications for diverse utilisation 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 is committed to building a hydrogen society under its hydrogen value chain business, HTWO. This brand encompasses the Group’s businesses and affiliates and enables each stage of the entire hydrogen value chain.
Established in 2008, Hyundai Motor Manufacturing Czech (HMMC) in Nošovice has an annual manufacturing capacity of 350,000 vehicles. Considered one of Europe’s most modern car manufacturers, the manufacturing plant was also the most significant foreign investment in the Czech Republic.
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Another significant development in the automotive industry follows the recent agreement between BMW and Toyota, in which Hyundai and Skoda are to collaborate to advance the development of hydrogen-powered vehicles as a sustainable alternative to electric cars. This collaboration aligns with Motoring Echo’s long-standing support for hydrogen power, recognising that not everyone is convinced about or wants an electric vehicle now or in the future!