Hyundai Motor Company has announced a new partnership with University College London (UCL) to jointly research future carbon-neutral technologies. The OEM signed a memorandum of understanding (MOU) with the institution on ‘Cooperation in areas of Research and Development for Hydrogen Production, Hydrogen Fuel Cells and Electrification Technology’.
The MOU signing ceremony took place prior to the UK-Korea Business Forum. In attendance were government officials from both countries, including Moon-kyu Bang, South Korea’s Minister of Trade, Industry and Energy; and Nigel Huddleston, UK Secretary of State for International Trade; as well as Dong-wook Kim, Executive Vice President of Hyundai Motor Company; and Professor Michael Spence, President and Provost of UCL.
With both South Korea and the UK aiming to achieve carbon neutrality by 2050, Hyundai Motor is aiming to accelerate the development of a hydrogen economy and realize a sustainable future mobility ecosystem through the MOU alongside the continued research and development of eco-friendly technologies.
Hyundai Motor and UCL will jointly research future mobility technologies to realize carbon neutrality in the fields of hydrogen production, fuel cells and electrification. They also expect research into advanced materials, proprietary technologies and basic industrial technologies to be possible through the collaboration. With UCL, Hyundai is further aiming to strengthen its partnership on joint carbon reduction research projects, building on OEM’s commitment to achieve carbon neutrality by 2045.