A Memorandum of Understanding (MoU) has been signed by Skoda Group and Hyundai Motor Company to begin working together to create a hydrogen mobility ecosystem. Petr Novotný, CEO of Skoda Group, and Ken Ramírez, Executive Vice-President and Head of Global Commercial Vehicle and Hydrogen Business of Hyundai Motor Company, attended the signing ceremony at the Korea-Czech Republic Business Summit in Prague.
Under the terms of the Memorandum of Understanding, research will be conducted on the adoption of hydrogen fuel cell systems and technologies, energy-efficient solutions for mobility projects and goods, and potential for the hydrogen ecosystem and value chain beyond mobility.
“Our partnership with Skoda 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 Skoda Group, we strive to lead the rapidly growing hydrogen businesses by creating positive synergies between our fuel cell technology and Skoda Group’s mobility products and projects.”
Both sides agree that hydrogen, starting with mobility, will be a crucial tenet of a sustainable society. Under the terms of the MOU, the parties will investigate the prospect of Hyundai sharing its fuel cell system and technology, which would accelerate the adoption of environmentally friendly transportation in all of the international markets in which Skoda Group is active, including the Czech Republic.
Additionally, feasibility studies for fuel cell system applications for uses other than mobility will be carried out by the Skoda Group and Hyundai Motor Company.
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