Hyundai Motor Company and Škoda Group have come together through a Memorandum of Understanding (MOU) to initiate a partnership aimed at establishing a hydrogen mobility ecosystem. The agreement, signed during the Korea-Czech Republic Business Summit in Prague, focuses on various aspects such as the adoption of hydrogen fuel cell systems and energy-efficient solutions for mobility projects. Both companies affirm the importance of hydrogen in fostering sustainability, particularly in the field of mobility. As part of the MOU, Hyundai may share its fuel cell technology to enhance eco-friendly mobility solutions in global markets where Škoda operates. Additionally, the collaboration will involve feasibility studies for utilizing fuel cell systems in applications beyond traditional transportation, drawing on Hyundai's experience in hydrogen applications across different sectors. Hyundai's commitment to a hydrogen society is evident through its hydrogen value chain business brand, HTWO, which encompasses the entire hydrogen value chain. Moreover, Hyundai's manufacturing plant in the Czech Republic, HMMC, plays a crucial role in the partnership. With a substantial annual manufacturing capacity and a reputation for being a cutting-edge car producer in Europe, HMMC underscores the significance of foreign investment in the Czech Republic's automotive sector. The collaboration between Hyundai and Škoda signals a proactive step towards advancing sustainable mobility solutions and fostering innovation in the hydrogen ecosystem.