Hyundai partners with EDB SG to develop low-carbon tech

Hyundai Motor Group (HMG) has signed an MoU with the Economics Development Board (EDB) of Singapore to identify opportunities to develop low-carbon technologies, including hydrogen.

The initiative builds on the existing partnership between the Group and EDB through the Hyundai Motor Group Innovation Centre Singapore (HMGICS), which is HMG's first global open innovation hub and testbed.

This collaboration reinforces HMG's commitment to advancing hydrogen technologies and supporting Singapore's efforts to drive low-carbon hydrogen innovation

Recognising Singapore's ambitions set out in the Green Plan 2030, HMG is exploring various potential collaborations with Singapore-based companies and start-ups including the potential use of Singapore's pipeline network for efficient hydrogen distribution, aiming to address logistical challenges and enhance resource efficiency.

EDB will facilitate HMG's participation in relevant initiatives to build up and apply low-carbon technologies, including potential collaborations with local enterprises and innovation partners to drive technological advancement.

HMG's mid-to-long-term vision extends globally, as it looks to expand the clean hydrogen ecosystem by integrating eco-friendly energy businesses across neighbouring countries.