Hyundai Motor Group and Singapore’s EDB Collaborate on Low-Carbon and Hydrogen Technologies
South Korean conglomerate Hyundai Motor Group (HMG) has signed a memorandum of understanding (MoU) with Singapore’s Economic Development Board (EDB) to explore opportunities in developing low-carbon technologies, including hydrogen solutions.
The EDB will support HMG’s involvement in initiatives aimed at advancing and implementing low-carbon technologies. This includes potential partnerships with local companies and innovation partners to accelerate technological progress.
This MoU builds upon the existing collaboration through the Hyundai Motor Group Innovation Center Singapore (HMGICS), HMG’s first global open innovation hub and testing ground.
Statements from Leadership
Jaeha Park, Vice President, Head of Global Hydrogen Business Sub-Division at Hyundai Motor Group, said: “We are excited to collaborate with the EDB to explore new growth areas, including the development of low-carbon technologies. By bringing our cutting-edge expertise in hydrogen technology, this partnership represents a significant step forward in creating a clean energy future for Singapore. We look forward to driving impactful solutions that demonstrate the potential of hydrogen as a cornerstone of global sustainability.”
Zheng Jingxin, Vice President and Head of Mobility at Singapore’s EDB, commented: “This MoU builds on the strong partnership between EDB and Hyundai Motor Group.”
Background on the Partnership
- HMGICS serves as Hyundai’s global innovation hub based in Singapore.
- The partnership aims to boost research and application of hydrogen and other low-carbon technologies.
Author’s summary: Hyundai Motor Group and Singapore’s EDB deepen cooperation to promote hydrogen and low-carbon technologies, advancing sustainable energy innovations through strategic local partnerships.