Hyundai Motor Group has signed a Memorandum of Understanding with Singapore's Economic Development Board to identify opportunities for developing low-carbon technologies, including hydrogen. The partnership was announced on November 3, 2025, and builds upon the existing collaboration between the two organizations through the Hyundai Motor Group Innovation Center Singapore.

Partnership Framework and Objectives

The collaboration reinforces Hyundai Motor Group's commitment to advancing hydrogen technologies while supporting Singapore's efforts to drive low-carbon hydrogen innovation. The initiative recognizes Singapore's ambitions outlined in the Green Plan 2030, with Hyundai Motor Group exploring various potential collaborations with Singapore-based companies and start-ups.

The partnership includes exploring the potential use of Singapore's pipeline network for efficient hydrogen distribution, aiming to address logistical challenges and enhance resource efficiency. Through this collaboration, Hyundai Motor Group reaffirms its commitment to advancing hydrogen as a clean energy source.

Executive Leadership and Vision

Jaeha Park, Vice President and Head of Global Hydrogen Business Sub-Division at Hyundai Motor Group, expressed enthusiasm about the partnership. "We are excited to collaborate with the EDB to explore new growth areas, including the development of low-carbon technologies," Park stated. "By bringing our cutting-edge expertise in hydrogen technology, this partnership represents a significant step forward in creating a clean energy future for Singapore. We look forward to driving impactful solutions that demonstrate the potential of hydrogen as a cornerstone of global sustainability."

Zheng Jingxin, Vice President and Head of Mobility at the Singapore Economic Development Board, emphasized the strategic alignment of the collaboration. "This MoU builds on the strong partnership between EDB and Hyundai Motor Group. The collaboration closely aligns with Singapore's commitment to develop a low-carbon economy by supporting companies in sustainable technology development. This will strengthen Singapore's position as a global innovation hub within Hyundai Motor Group's global network."

Existing Infrastructure and Innovation Hub

The new partnership builds on the existing relationship between Hyundai Motor Group and the Economic Development Board through the Hyundai Motor Group Innovation Center Singapore. HMGICS serves as Hyundai Motor Group's first global open innovation hub and testbed, providing a foundation for expanded collaboration in low-carbon technologies.

The Economic Development Board will facilitate Hyundai Motor Group's participation in relevant initiatives to develop and deploy low-carbon technologies. This includes potential collaborations with local enterprises and innovation partners to drive technological advancement in the region.

Global Expansion Strategy

Hyundai Motor Group's mid-to-long-term vision extends globally, as the company looks to expand the clean hydrogen ecosystem by integrating eco-friendly energy businesses across neighboring countries. By focusing on sustainable energy solutions and advanced infrastructure, the Group continues to lead the way in hydrogen energy innovation, setting new benchmarks for global sustainability.

The partnership represents part of Hyundai Motor Group's broader commitment to hydrogen technology development. The signing ceremony was attended by key executives from both organizations, including Jaeha Park from Hyundai Motor Group and Clarence Chua, Senior Vice President and Head of Region for Japan and Korea at the Singapore Economic Development Board.

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