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Hyundai Motor and Škoda Group to Collaborate on Hydrogen Advancement and Energy Efficient Solutions for Mobility

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Hyundai Motor and Škoda Group to Collaborate on Hydrogen Advancement and Energy Efficient Solutions for Mobility
Business

Business

Hyundai Motor and Škoda Group to Collaborate on Hydrogen Advancement and Energy Efficient Solutions for Mobility

2024-09-20 18:13 Last Updated At:18:35

SEOUL, South Korea and PRAGUE, Sept. 20, 2024 /PRNewswire/ -- Hyundai Motor Company and Å koda Group have signed a Memorandum of Understanding (MOU) to commence collaboration on establishing a hydrogen mobility ecosystem.

The signing ceremony, which took place at the Korea-Czech Republic Business Summit in Prague, was attended by Ken Ramírez, Executive Vice President and Head of Global Commercial Vehicle and Hydrogen Business at Hyundai Motor Company, and Petr Novotný, CEO of Å koda Group.

The MOU covers study on adoption of hydrogen fuel cell systems and technologies, study on adoption of energy efficient solutions for mobility projects and products, and exploring hydrogen ecosystem and value chain opportunities beyond mobility.

"Our partnership with Å koda Group aims to accelerate hydrogen adoption, which would contribute to the advancement of hydrogen technology and carbon neutrality across global markets, including the Czech Republic," said Executive Vice President Ramírez. "Together with Å koda Group, we strive to lead the rapidly growing hydrogen businesses by creating positive synergies between our fuel cell technology and Å koda Group's mobility products and projects."

"We believe that hydrogen, alongside energy-efficient solutions, will play an essential role in transforming mobility for a more sustainable future. Our collaboration with Hyundai Motor Company aims at enabling us to look beyond national borders and explore wider markets where these technologies can have a larger impact. By working together, we can bring innovative, eco-friendly solutions to the global mobility ecosystem, advancing cleaner energy in the areas where it's needed most," said Petr Novotný, CEO of Å koda Group.

Both parties share the view that hydrogen will be a key pillar for a sustainable society, starting with mobility. As part of the MOU, the parties will explore the possibility that Hyundai would share its fuel cell system and technology, contributing to the acceleration of eco-friendly mobility across global markets where Å koda Group operates, including the Czech Republic.

Hyundai Motor Company and Å koda Group will also conduct feasibility studies for fuel cell system applications for diverse utilization beyond mobility. Leveraging its global expertise and insights in operating various hydrogen applications in both mobility and energy sectors, Hyundai is poised to play a pivotal role in aiding the energy transition.

Hyundai Motor Group is committed to building a hydrogen society under its hydrogen value chain business brand HTWO, which encompasses the Group's businesses and affiliates, enabling each stage of the entire hydrogen value chain.

Hyundai Motor Manufacturing Czech (HMMC) in Nošovice, established in 2008, has an annual manufacturing capacity of 350,000 vehicles. Considered one of the most modern car manufacturers in Europe, the manufacturing plant was also the largest foreign investment in the Czech Republic.

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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Hyundai Motor and Škoda Group to Collaborate on Hydrogen Advancement and Energy Efficient Solutions for Mobility

Hyundai Motor and Škoda Group to Collaborate on Hydrogen Advancement and Energy Efficient Solutions for Mobility

Highlights include AI-powered engineering, digital twins, AI fabric, and AI agents

TROY, Mich., March 11, 2025 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, will showcase how its cutting-edge artificial intelligence (AI) and simulation capabilities are transforming industries at Hannover Messe 2025, taking place March 31- April 4 in Hanover, Germany. Altair will demonstrate how its technology helps businesses innovate faster, optimize performance, and drive sustainable success through AI-powered engineering, high-performance computing (HPC), knowledge graphs, digital twins, and more.

"AI and machine learning are critical in achieving the quartet of speed, performance, quality, and cost-effectiveness today's organizations are seeking. Altair's AI-powered engineering solutions unlock deeper insights, accelerate design, and enhance decision-making to create a safer, more connected, more sustainable future," said Ravi Kunju, chief product and strategy officer, Altair. "At Hannover Messe, we will showcase powerful use cases, including one from CNH Industrial, where our AI-augmented simulation tools enabled a digital twin that streamlined product development with blazing-fast predictions and performance."

"Thanks to Altair's cutting-edge virtual product development solutions, we created a digital twin of our product, helping us gain a better understanding and slash our time to market," said Giuseppe Gullo, FEA design analysis engineer, CNH Industrial. "The AI-driven algorithms streamlined validation, considered complex effects, cut computational costs, and optimized our workflow."

Altair is leading the pack in using AI to solve real-world use cases. At the event, Altair will demonstrate the power of AI across industries, including:

In addition to its booth, Altair experts are featured in four speaking sessions:

At the event, visit the Altair booth at Hall 17, Booth D35. For more information, visit https://web.altair.com/en/altair-at-hannover-messe-2025.

About Altair

Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.

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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Altair to Showcase Leading AI, Simulation, and HPC Technologies at Hannover Messe 2025

Altair to Showcase Leading AI, Simulation, and HPC Technologies at Hannover Messe 2025

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