The agreement focuses on studying how to use hydrogen fuel cell systems and energy-efficient solutions in mobility projects. They'll also look into opportunities in the hydrogen ecosystem beyond just transportation.
Both companies believe hydrogen will play a big role in creating a sustainable society, starting with how we get around. Hyundai might share its fuel cell tech with Škoda to speed up the development of eco-friendly transportation in places where Škoda operates, including the Czech Republic.
They'll also check if fuel cells can be used for other things besides moving people and goods. Hyundai's already working on this through its HTWO brand, which covers all parts of the hydrogen business.
Ken Ramírez, a top executive at Hyundai Motor Company, said:
"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."
Škoda Group's CEO, Petr Novotný, 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. 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."
Hyundai's already got a strong presence in the Czech Republic. Its manufacturing plant in Nošovice, set up in 2008, can make 350,000 vehicles a year.
Source: Hyundai