Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding (MOU) to collaborate on establishing a hydrogen mobility ecosystem. The signing ceremony occurred at the Korea-Czech Republic Business Summit in Prague. The MOU includes studying the adoption of hydrogen fuel cell systems and technologies, seeking energy-efficient solutions for mobility projects, and exploring opportunities in the hydrogen ecosystem beyond mobility. Both parties emphasize the importance of hydrogen in creating a sustainable society. Hyundai is committed to promoting a hydrogen society through its HTWO brand, covering the entire hydrogen value chain. The partnership aims to accelerate hydrogen adoption globally, with Hyundai sharing its fuel cell technology with Škoda Group. Feasibility studies will be conducted for fuel cell applications beyond mobility. Executive Vice President Ken Ramírez highlights the goal to advance hydrogen technology and carbon neutrality. Škoda Group's CEO Petr Novotný believes in the role of hydrogen and energy-efficient solutions in sustainable mobility transformation. The collaboration seeks to bring innovative, eco-friendly solutions to global mobility and expand into new markets. Hyundai Motor Manufacturing Czech plays a significant role with its manufacturing capacity of 350,000 vehicles annually.