Hyundai Motor and Singapore’s EDB Collaborate on Low-Carbon and Hydrogen Solutions
Hyundai Motor Group (HMG), a South Korean conglomerate, has entered into a memorandum of understanding (MoU) with Singapore’s Economic Development Board (EDB) to pursue opportunities in developing low-carbon and hydrogen technologies. The partnership aims to accelerate innovation and sustainability in the energy and mobility sectors.
According to the agreement, EDB will facilitate HMG’s involvement in initiatives focused on implementing and expanding low-carbon technologies. The collaboration may include joint efforts with local enterprises and research partners to drive technological advancements that support Singapore’s clean energy goals.
Building on Existing Cooperation
This MoU strengthens the relationship between the two organizations established through the Hyundai Motor Group Innovation Center Singapore (HMGICS), HMG’s first global open innovation hub and testing platform.
Statements from Key Leaders
“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.”
Author’s Summary
Hyundai Motor Group and Singapore’s EDB expand their partnership to advance hydrogen and low-carbon innovations, aiming to accelerate Singapore’s transition toward a sustainable energy future.
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