Hyundai Motor and Singapore's EDB Partner on Low-Carbon and Hydrogen 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.
The agreement aims to support HMG’s involvement in key initiatives to advance and implement sustainable technologies. This includes potential collaborations with local businesses and innovation partners to accelerate technological progress.
This MoU builds upon the existing partnership through Hyundai Motor Group Innovation Center Singapore (HMGICS), HMG’s first global open innovation hub and test environment.
Leadership Statements
“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.”
“This MoU builds on the strong partnership between EDB and Hyundai Motor Group.”
Significance of the Partnership
- Focuses on sustainable and low-carbon technology development, especially hydrogen.
- Includes cooperation with local enterprises and innovation ecosystems in Singapore.
- Leverages HMGICS as a testbed for novel technologies.
This collaboration marks a strategic commitment by both parties to advance global sustainability efforts through innovation in clean energy.
Summary: Hyundai Motor Group and Singapore’s EDB formalized a collaboration to develop hydrogen and low-carbon technologies, highlighting a shared commitment to a sustainable energy future.