Hyundai and Skoda to collaborate for developing Hydrogen technology

Hyundai Motor Company and Skoda Group have jointly announced that they have signed a Memorandum of Understanding (MoU) during the Korea-Czech Business Summit in Prague regarding development of a hydrogen mobility ecosystem. Here are more details about the same.

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Hyundai-Skoda collaboration

The Memorandum of Understanding signed by the parties covers study on adoption of hydrogen fuel cell systems and technologies, study on adoption of energy efficient solutions for mobility projects and products, and exploring hydrogen ecosystem and value chain opportunities beyond mobility. 

Both parties share the view that hydrogen will be a key pillar for a sustainable society, starting with mobility. As part of the MOU, the parties will explore the possibility that Hyundai would share its fuel cell system and technology, contributing to the acceleration of eco-friendly mobility across global markets where Skoda Group operates, including the Czech Republic.

Hyundai Motor Company and Skoda Group will also conduct feasibility studies for fuel cell system applications for diverse utilisation beyond mobility. Leveraging its global expertise and insights in operating various hydrogen applications in both mobility and energy sectors, Hyundai is poised to play a pivotal role in aiding the energy transition.

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Skoda Group vs Skoda Auto 

It is to be noted that the entity that has signed the MoU with Hyundai Motor Company is Skoda Group, which is a Czech engineering company that makes locomotives and buses. It is not a part of the Volkswagen Group and is not the same as Skoda Auto that manufactures the Skoda cars that we know of.