Hyundai Motor Group (HMG) has signed a memorandum of understanding (MoU) with Singapore’s Economic Development Board (EDB) to explore opportunities for developing low-carbon technologies, including hydrogen. The collaboration will focus on identifying potential partnerships with local enterprises and innovation partners to advance hydrogen solutions and sustainable energy applications.
The initiative will leverage HMG’s Hyundai Motor Group Innovation Centre Singapore (HMGICS), the company’s first global open innovation hub and testbed. Under the MoU, HMG and EDB will explore hydrogen technology integration, including the potential use of Singapore’s pipeline network for distribution and the expansion of the regional clean hydrogen ecosystem.
The partnership aligns with Singapore’s strategy to develop a low-carbon economy and strengthen its position as a global innovation hub. HMG aims to use the collaboration to demonstrate hydrogen’s potential as a key technology for sustainable energy, while EDB will facilitate connections with local companies and start-ups to support scalable clean energy solutions.