Hyundai Motor Group and Singapore’s EDB Form Partnership
South Korean giant 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, with a particular focus on hydrogen solutions.
Objectives and Collaboration
The EDB will support HMG’s involvement in initiatives aimed at building and implementing low-carbon technologies. This includes potential collaborations with local businesses and innovation partners to advance such technologies.
Background and Innovation Hub
The agreement strengthens the existing cooperation through the Hyundai Motor Group Innovation Center Singapore (HMGICS), HMG’s first global open innovation hub and testing facility.
Leadership Statements
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, stated: “This MoU builds on the strong partnership between EDB and Hyundai Motor Group.”
Summary
This partnership aims to accelerate innovation and application of hydrogen and low-carbon technologies to support Singapore's clean energy goals.
Author’s summary: Hyundai Motor Group and Singapore’s EDB join forces to advance hydrogen and low-carbon technologies, boosting innovation for a sustainable energy future.