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Hyundai Motor and Škoda Group Collaborate on Hydrogen Advancement and Energy Efficient Solutions for Mobility

Sep 20, 2024•over 1 year ago

Contract Type

partnership

Fountain ValleyAutomotive

Description

Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding (MOU) to commence collaboration on establishing a hydrogen mobility ecosystem. The collaboration aims to accelerate hydrogen adoption, contribute to the advancement of hydrogen technology and carbon neutrality across global markets.

Company Information

Company

Hyundai Motor America

Location

Fountain Valley, California, United States

About

Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company's Progress for Humanity vision. Hyundai has significant operations in the U.S., including its North American headquarters in California, the Hyundai Motor Manufacturing Alabama assembly plant, the all-new Hyundai Motor Group Metaplant America, and several cutting-edge R&D facilities. These operations, combined with those of Hyundai's 835 independent dealers, contribute $20.1 billion annually and 190,000 jobs to the U.S. economy, according to a recent economic impact report.

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Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months