Hyundai Motor Group (HMG) and theโฃ Singapore Economic Development Board (EDB) have formalized a partnershipโ 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’sโ low-carbon economy โฃgoals.
Under a Memorandumโฃ of Understanding (MoU),โข the EDB will support HMG’s involvement in relevant initiatives and facilitate potentialโ collaborations with local enterprises andโ innovation partners. This will drive โขtechnological advancements in areas including hydrogen energy solutions and advanced infrastructure.”We are โexcited to collaborate with the โคEDB to explore newโ growth areas, including the development of low-carbon technologies,” said Jaeha Park, Vice President,โ 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 โclean โenergy future for Singapore. We look forward to โคdriving impactful solutions that demonstrate the potential of hydrogen as a cornerstone of โขglobal sustainability.”
Zheng Jingxin,Vice โคpresident 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’sโฃ commitment toโ develop a low-carbon economy, by โsupporting companiesโ on sustainable technology development.”
HMG’s broader strategy includes expandingโ the clean hydrogen ecosystem across neighboring countries, integrating eco-friendly energy businesses to establish โขnew benchmarks in global sustainability. The partnership with EDB represents a crucial step โขin realizing this long-term vision.