Hyundai Motor and UK energy major Shell are working together on developing hydrogen power for fleet customers.
The memorandum of understanding will see the two companies working to offer lower carbon emission mobility services, including electric vehicles.
Shell said the strategic deal will help its hasten its transformation from fossil fuels to renewable energies and provide charging solutions and mobility services to Hyundai’s premium vehicle division, Genesis.
Hyundai and Shell also plan to build integrated hydrogen solutions, focusing on hydrogen infrastructure.
The goals of the new partnership include:
- Shell Recharge Solutions will become the charging solutions and mobility service provider for Genesis
- Hyundai Motor will manufacture hydrogen fuel cell trucks and Shell will offer hydrogen infrastructure for fleets
- Hyundai will support Shell’s hydrogen infrastructure in California to meet increasing demand
- Discovering opportunities to supply Shell renewable energy infrastructure through Hyundai’s global facilities.
Hyundai said it wants to boost transformation towards alternative energies through the new road map, including making all new car models of Genesis carbon-free by 2025.
By 2030, Genesis’ complete line-up is expected to be 100% carbon-free.
The strategy on integrated hydrogen solutions and enhancing electric vehicle charging solutions also aims to help Hyundai reach its Renewable Energy 100% target, a global initiative led by the Climate Group.
The expanded charging services will first become active in the UK, Germany and Switzerland, enabling Hyundai customers to charge on the go, at home and Shell charging points.