Hyundai Motor Group (HMG) and the Singapore Economic Development Board (EDB) have formalized a partnership to accelerate the development and deployment of low-carbon technologies, with a key focus on hydrogen. The collaboration, announced today, aims to bolster Singapore’s position as a global innovation hub within HMG’s network and contribute to the nation’s low-carbon economy goals.
Under a Memorandum of Understanding (MoU), the EDB will support HMG’s involvement in relevant initiatives and facilitate potential collaborations with local enterprises and innovation partners. This will drive technological advancements in areas including hydrogen energy solutions and advanced infrastructure.”We are excited to collaborate with the EDB to explore new growth areas, including the development of low-carbon technologies,” said Jaeha Park, Vice President, Head of Global Hydrogen Business Sub-Division at Hyundai Motor Group. “By bringing our cutting-edge expertise in hydrogen technology, this partnership represents a notable step forward in creating a clean energy future for Singapore. We look forward to driving impactful solutions that demonstrate the potential of hydrogen as a cornerstone of global sustainability.”
Zheng Jingxin,Vice president and Head of Mobility at the Singapore Economic Development Board,added,”this MoU builds on the strong partnership between EDB and hyundai Motor Group.The collaboration is closely aligned to Singapore’s commitment to develop a low-carbon economy, by supporting companies on sustainable technology development.”
HMG’s broader strategy includes expanding the clean hydrogen ecosystem across neighboring countries, integrating eco-friendly energy businesses to establish new benchmarks in global sustainability. The partnership with EDB represents a crucial step in realizing this long-term vision.
