Hyundai Motor Company and Škoda Group have penned a deal to collaborate on hydrogen advancement and energy efficient solutions for mobility.

The MOU was sealed during the Korea-Czech Republic Business Summit in Prague

The cooperation will see Škoda Group explore hydrogen mobility expansion by adopting Hyundai’s hydrogen fuel cell systems and technologies.

Under the Memorandum of Understanding (MOU), the firms will study adoption of hydrogen fuel cell systems and technologies, and energy efficient solutions for mobility projects and products, while exploring hydrogen ecosystem and value chain opportunities beyond mobility.

Hyundai Motor Company and Škoda Group will also carry out feasibility studies for fuel cell system applications for diverse utilisation beyond mobility.

The carmakers said they both share the view that hydrogen will be a key pillar for a sustainable society, starting with mobility.

The MOU was sealed during the Korea-Czech Republic Business Summit in Prague, 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

Hyundai’s Ken Ramírez 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.”

Petr Novotný of Škoda Group continued: “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.”