Hyundai Motor Group and Singapore's EDB Partner for Low-Carbon Solutions
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.
Collaboration Goals and Facilitations
The EDB will support HMG's involvement in initiatives aimed at advancing low-carbon technologies. This includes potential partnerships with local companies and innovation collaborators to accelerate technology development.
Existing Partnership Foundation
The MoU extends the cooperation through the Hyundai Motor Group Innovation Center Singapore (HMGICS), Hyundai’s first global open innovation hub and testbed.
Statements from Leadership
Jaeha Park, Vice President and 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.”
Both parties aim to leverage their strengths to accelerate sustainable innovation in Singapore and beyond.
Author's summary: Hyundai Motor Group and Singapore’s EDB deepen collaboration to advance low-carbon and hydrogen technologies, reinforcing their commitment to a sustainable energy future.