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Škoda Joins Forces for Hydrogen-Powered Cars

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September 23, 2024

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The Škoda Group in Czechia is set to embark on a new chapter in hydrogen mobility expansion through a strategic partnership with Hyundai. As part of the agreement, Hyundai, a leading player in fuel cell systems and technologies, will collaborate with Škoda, a subsidiary of Volkswagen, on various projects aimed at advancing the adoption of hydrogen fuel cell systems and technologies.

The partnership between Hyundai and Škoda will encompass a range of initiatives, including studies on the integration of hydrogen fuel cell systems into mobility projects and products. Additionally, the two companies will explore opportunities within the ecosystem and value chain that extend beyond traditional mobility applications.

Meanwhile, other major automakers such as BMW and Toyota are also making significant strides in the hydrogen mobility space. BMW and Toyota have announced plans to introduce hydrogen-powered cars in 2028, leveraging Toyota's cutting-edge fuel cell technology. Similarly, Renault is gearing up for the series production of hydrogen-powered vans through its Hyvia joint venture with Plug.

Both Hyundai and Škoda share a common vision of hydrogen playing a pivotal role in building a sustainable society, with a particular focus on transforming the mobility sector. Under the memorandum of understanding (MOU) between the two companies, Hyundai is expected to provide Škoda with access to its fuel cell system and technology for deployment in global markets, including the Czech Republic.

Hyundai's hydrogen business, operating under the HTWO brand, spans the entire hydrogen value chain, encompassing production, distribution, and utilization. Hyundai Motor Manufacturing Czech (HMMC) in Nošovice, which was established in 2008, boasts an annual manufacturing capacity of 350,000 vehicles and stands as the largest foreign investment in the Czech Republic.

Commenting on the partnership, Executive Vice President Ramírez expressed optimism about the collaboration's potential to drive hydrogen adoption and promote technological advancements and carbon neutrality on a global scale. He emphasized the importance of leveraging synergies between Hyundai's fuel cell technology and Škoda's mobility projects to propel the growth of the hydrogen sector.

Looking ahead, Petr Novotný, CEO of Škoda Group, highlighted the critical role that hydrogen, in conjunction with energy-efficient solutions, will play in reshaping the future of mobility towards sustainability. The collaboration with Hyundai is expected to enable Škoda to expand its reach beyond national boundaries and explore new markets where hydrogen technologies can make a significant impact.

Together, Hyundai and Škoda aim to introduce innovative and eco-friendly solutions to the global mobility ecosystem, driving the adoption of cleaner energy solutions in regions where they are most needed. This partnership marks a significant step towards realizing a more sustainable and environmentally conscious future for the automotive industry.

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