Gyeongju: Hyundai Motor Group announced a partnership with Singapore’s Economic Development Board (EDB) to explore opportunities for developing low-carbon technologies, including hydrogen energy solutions. The collaboration aims to advance sustainable energy initiatives in line with Singapore’s Green Plan 2030.
According to Yonhap News Agency, Hyundai Motor and the EDB will identify and pursue potential projects involving low-carbon technology development with Singapore-based companies and startups. This includes the possible use of Singapore’s pipeline network for hydrogen distribution. The partnership was formalized with a memorandum of understanding (MOU) signed on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, South Korea.
The EDB, under Singapore’s Ministry of Trade and Industry, is instrumental in promoting investment, industrial development, and innovation. Through this initiative, Hyundai Motor seeks to address logistical challenges and improve resource efficiency as part of Singapore’s broader environmental goals.
Hyundai Motor Group operates the Hyundai Motor Group Innovation Center Singapore, which serves as the company’s first global open innovation hub and test bed. Park Jae-ha, head of the global hydrogen business sub-division at Hyundai Motor, emphasized the importance of this partnership in advancing clean energy solutions for Singapore.
Zheng Jingxin, vice president and head of the mobility division at the EDB, highlighted that the collaboration aligns with Singapore’s commitment to developing a low-carbon economy and strengthens its position as a global innovation hub within Hyundai Motor Group’s network.