SEOUL, November 03 (AJP) - Hyundai Motor Group has signed a memorandum of understanding with Singapore’s Economic Development Board to cooperate on the development of hydrogen and low-carbon technologies.
Under the agreement, Hyundai will use its experience in fuel cell and hydrogen infrastructure to help Singapore identify and develop opportunities in hydrogen-based, low-carbon technologies.
The EDB, a government agency under Singapore’s Ministry of Trade and Industry, will support Hyundai’s efforts to establish a hydrogen ecosystem in the city-state.
Hyundai said it plans to expand its hydrogen business in Singapore, focusing on applications such as power generation and long-distance hydrogen transport. The company also intends to work with local partners to introduce hydrogen-powered vehicles, helping raise public awareness of cleaner energy alternatives and sustainable mobility.
“This collaboration aligns with Singapore’s commitment to a low-carbon economy,” said Jingxin Zheng, director of mobility at the EDB.
Park Jae-ha, who oversees Hyundai’s global hydrogen business, said government backing would be crucial to establishing the foundations of a hydrogen economy.
“Through this partnership with EDB, we hope to develop policies and practical models that can accelerate hydrogen adoption,” he said.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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