Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding (MOU) to collaborate on establishing a hydrogen mobility ecosystem.
The agreement was signed by Ken Ramírez, Executive Vice President and Head of Global Commercial Vehicle and Hydrogen Business at Hyundai, and Petr Novotný, CEO of Škoda Group, during the Korea-Czech Republic Business Summit in Prague. The MOU focuses on exploring hydrogen fuel cell systems, energy-efficient mobility solutions, and expanding hydrogen ecosystem opportunities beyond transportation.
Both companies agree that hydrogen will play a crucial role in creating a sustainable future, with mobility as a starting point. Under the MOU, Hyundai is expected to share its fuel cell technology, accelerating eco-friendly mobility in markets where Škoda Group operates, including the Czech Republic.
The partnership will also explore fuel cell applications beyond mobility, with Hyundai leveraging its extensive experience in hydrogen solutions across various sectors. This collaboration aligns with Hyundai’s broader commitment to building a hydrogen society under its HTWO business brand, which covers the entire hydrogen value chain.
Hyundai Motor Manufacturing Czech (HMMC), established in Nošovice in 2008, has an annual production capacity of 350,000 vehicles and is one of Europe’s most advanced automotive plants. It remains the largest foreign investment in the Czech Republic. Ken Ramírez,Executive Vice President and Head of Global Commercial Vehicle and Hydrogen Business at Hyundai Motor Company, 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,CEO of Škoda Group, added, “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.”
