Hyundai shares hydrogen technology with streetcar and train manufacturer

Framework Agreement

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, signed the framework agreement at the Korea-Czech Business Summit in Prague.

Hydrogen companies

“Our cooperation with Škoda Group aims to accelerate the adoption of hydrogen. This contributes to the advancement of hydrogen technology and carbon neutrality in global markets, including the Czech Republic,” said Ken Ramírez.
“Together with Škoda Group, we aim to lead the fast-growing hydrogen businesses by creating positive synergies between our fuel cell technology and Škoda Group’s mobility products and projects.”

Global mobility ecosystem

Petr Novotný, CEO of Škoda Group, said, “We believe that hydrogen, alongside energy-efficient solutions, will play a vital 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 broader markets where these technologies can have a greater impact. Working together, we can bring innovative, environmentally friendly solutions to the global mobility ecosystem, promoting cleaner energy in the areas where it is needed most.”

Hydrogen fuel cell systems

The memorandum includes research on the adoption of hydrogen fuel cell systems and technologies as well as research on the adoption of energy-efficient solutions for mobility projects and products.
Exploring opportunities for the hydrogen ecosystem and value chain beyond mobility is also part of the research.

Hydrogen crucial for sustainable society

Both parties share the vision that hydrogen is an important pillar for a sustainable society, starting with mobility.
As part of the memorandum, the parties are exploring the possibility of Hyundai sharing its fuel cell system and technology, which would help accelerate environmentally friendly mobility in the global markets where Škoda Group operates, including the Czech Republic.

Hyundai Motor Company and Škoda Group are also conducting feasibility studies for fuel cell system applications for a variety of applications outside of mobility.
Hyundai is poised to play a crucial role in supporting the energy transition, thanks to its extensive global expertise and insights into operating various hydrogen applications in both the mobility and energy sectors.

Hydrogen Company

Hyundai Motor Group is committed to building a hydrogen company under the HTWO corporate brand for the hydrogen value chain, covering the Group’s operations and subsidiaries.
This will enable each stage of the entire hydrogen value chain.

Hyundai Motor Manufacturing Czech (HMMC) in Nošovice, operational since 2008, has an annual production capacity of 350,000 vehicles.
The plant was the largest foreign investment in the Czech Republic.
In addition, the production facility is considered one of the most modern auto plants in Europe.