Tue, 05 April 2022
Hyundai Motor Company and Shell plc (Shell) are starting a new strategic collaboration to explore ways to offer lower carbon emissions products and services and to reduce emissions across their operations.
President and CEO of Hyundai Motor Company, Jaehoon Chang, and Shell’s Downstream Director, Huibert Vigeveno, signed a Memorandum of Understanding (MOU) at Hyundai Motor America headquarters in Fountain Valley, California. The MOU builds on a strong foundation of several years of collaboration and will draw on the companies’ expertise in electric vehicle (EV) charging, hydrogen, low carbon energy solutions and digital technology as potential opportunities for both companies to reduce carbon emissions.
The companies will be pursuing combined EV network and service offerings in key markets including the US, Europe and Asia as part of the collaboration. In addition, Genesis expects to meet its EV owner’s needs seamlessly through the service, supporting its ambition for all new car models to be zero emissions by 2025 and 100 percent of the line up by 2030. Integrated hydrogen solutions, where Hyundai Motor could provide fuel cell trucks and Shell offers hydrogen infrastructure for targeted fleet customers could also be implemented.
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