Hyundai Motor signs MOU with University College London for hydrogen-related research

Industry

Published: 23 Nov. 2023, 10:58

Hyundai Motor signs MOU with University College London for hydrogen-related research

From left, British Secretary of State for Business and Trade Kemi Badenoch, UCL Vice President Angharad Milenkovic, UCL Executive Dean Faculty of Engineering Sciences Nigel Titchener-Hooker, UCL President Michael Spence, Hyundai Motor Senior Vice President Kim Dong-wook and Minister of Trade, Industry and Energy Bang Moon-kyu pose for a photo after signing a memorandum of understanding for research and development cooperation in hydrogen-related technology in London. [HYUNDAI MOTOR]

Hyundai Motor is partnering up with University College London (UCL) to pursue research projects involving carbon-neutral technology, the company said Thursday.

Under a memorandum of understanding signed in London on Wednesday, Hyundai and UCL will cooperate in areas of research and development for hydrogen production, hydrogen fuel cells and electrification technology, the company said.

The agreement was signed on the sidelines of a bilateral business forum held on the occasion of President Yoon Suk Yeol's state visit to Britain.

UCL is a research-oriented university based in London that has produced dozens of Nobel and Fields Prize laureates.

The university recently established the Advanced Propulsion Lab and has been strengthening its expertise in research on electric propulsion for automobiles.

In 2021, Hyundai announced a goal to become completely carbon neutral by 2045. It has been making efforts to reduce carbon emissions across its entire value chain.

Starting in 2035 in Europe and extending to key markets until 2040, Hyundai aims to sell only electric vehicles with zero carbon emissions.

Furthermore, the company plans to replace 100 percent of power demand at its global facilities with renewable energy by 2045.

BY KIM JU-YEON, YONHAP [kim.juyeon2@joongang.co.kr]