Hyundai Motor Company has announced a partnership with the renowned University College London (UCL) to jointly research technologies aimed at achieving carbon neutrality in the future. Hyundai Motor and UCL signed a memorandum of understanding (MOU) in London on November 22, to cooperate in the areas of Research and Development for Hydrogen Production, Hydrogen Fuel Cells, and Electrification Technology. The MOU was signed before the UK-Korea Business Forum, in the presence of government officials from both countries, including South Korea’s Minister of Trade, Industry, and Energy, Moon-kyu Bang, and the UK Secretary of State for International Trade, Nigel Huddleston. Hyundai Motor’s Executive Vice President, Dong-wook Kim, and UCL’s President and Provost, Dr Michael Spence, were also in attendance. By signing this MOU, Hyundai Motor aims to accelerate the development of a hydrogen economy and promote a sustainable future mobility ecosystem, in line with the carbon neutrality targets set by both South Korea and the UK for 2050.
UCL is a prestigious research-oriented university that is consistently ranked at the top of global university rankings and has produced dozens of Nobel Prize and Fields Medal winners. “Through joint research with UCL, one of the UK’s leading research universities, we will accelerate the pace of technological innovation in hydrogen production, fuel cells and electrification,” said Jaehoon (Jay) Chang, President and CEO of Hyundai Motor Company. “We hope that this collaboration will contribute to achieving carbon neutrality in the transportation sector, which is a goal shared by Korea and the UK.”
UCL President and Provost, Dr Michael Spence said, “New technologies, such as hydrogen generation, electric vehicles and fuel cells, are a fundamental part of international efforts to keep the global temperature rise within the goals set out in the Paris Agreement. This partnership will combine UCL’s world-leading engineering research with Hyundai’s expertise as one of the world’s leading automotive companies to accelerate the development of these vital technologies.”