Hyundai and Ulsan City Partner to Build Hydrogen Ecosystem in South Korea
Key Ideas
- Hyundai Motor Co. collaborates with Ulsan city to establish a clean hydrogen ecosystem in the industrial city in South Korea.
- The partnership aims to develop hydrogen technology across the entire value chain, including production, transportation, and mobility like tractors and forklifts.
- Efforts will include expanding the adoption of hydrogen-powered mobility and developing hydrogen cargo tractors for various logistics routes.
- Hyundai's co-CEO expressed the company's goal of creating a comprehensive hydrogen society powered by sustainable hydrogen energy.
Hyundai Motor Co. has partnered with Ulsan metropolitan city in South Korea to cooperate in creating a clean hydrogen ecosystem within the industrial city. The collaboration, outlined in a memorandum of understanding, will focus on developing and implementing hydrogen technology throughout Ulsan. This encompasses areas such as production, transportation, and the adoption of hydrogen-powered mobility solutions like tractors and forklifts. Additionally, plans include the development of hydrogen cargo tractors and pilot vehicle operations on logistics routes originating from Ulsan. Hyundai aims to build a sustainable ecosystem powered by hydrogen energy, as stated by Lee Dong-seock, co-CEO of Hyundai Motor. This partnership signifies a joint effort to advance clean energy initiatives and urban development in the region, highlighting a positive step towards a more sustainable future.