Hyundai Signs Agreement to Promote Hydrogen Ecosystem in South Korea and China
Key Ideas
- Hyundai Motor Company partners with Ulsan City and Guangzhou City governments to establish a hydrogen industry council for collaboration in hydrogen energy.
- The council aims to promote the production, supply, and usage of hydrogen energy, develop hydrogen-related technologies, and strengthen hydrogen infrastructure.
- Ulsan City, chosen by the South Korean government for hydrogen ecosystem efforts, collaborates with Hyundai to become a global hydrogen city.
- Hyundai Motor plans to bridge Ulsan and Guangzhou to create leading hydrogen cities, leveraging Guangzhou's potential as a significant hydrogen electric vehicle market.
Hyundai Motor Company has signed an agreement with the Ulsan City government in South Korea and the Guangzhou government in China to boost the development of a hydrogen ecosystem. The joint cooperation agreement aims to facilitate collaboration in areas such as producing, supplying, and using hydrogen energy, and establishing partnerships for hydrogen-related technologies. A 'hydrogen industry council' will be established to meet quarterly, focusing on encouraging tangible results in hydrogen energy. Hyundai's CEO highlighted the partnership's significance in expanding hydrogen infrastructure and mobility projects, envisioning Ulsan and Guangzhou as leading global hydrogen cities. Ulsan, spearheading South Korea's hydrogen efforts, will benefit from Hyundai's expertise in hydrogen technology. This initiative also aims to position Guangzhou as a key player in the hydrogen electric vehicle market, with Hyundai acting as a bridge between the two cities for mutual growth and development.