Hyundai Motor and Singapore's EDB Collaborate on Low-Carbon Solutions
Hyundai Motor Group (HMG), a South Korean conglomerate, has signed a memorandum of understanding (MoU) with Singapore’s Economic Development Board (EDB) to explore opportunities for developing low-carbon technologies, including hydrogen.
Partnership Objectives
The partnership aims to support HMG’s involvement in initiatives that promote low-carbon technology adoption. This includes potential collaborations with local businesses and innovation partners to advance cutting-edge technologies.
Existing Cooperation via HMGICS
The MoU extends the collaboration established through the Hyundai Motor Group Innovation Center Singapore (HMGICS), HMG’s first global open innovation hub and testing ground.
Statements from Leadership
“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.”
— Jaeha Park, Vice President, Head of Global Hydrogen Business Sub-Division, Hyundai Motor Group
“This MoU builds on the strong partnership between EDB and Hyundai Motor Group.”
— Zheng Jingxin, Vice President and Head of Mobility, Singapore’s EDB
This agreement underlines both parties' commitment to fostering innovation in sustainable energy technologies and enhancing Singapore's position in clean energy development.
Summary: Hyundai Motor Group and Singapore’s EDB deepen their partnership to develop hydrogen and other low-carbon technologies, aiming to advance sustainable energy innovation in the region.
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