Hyundai motors MoU with KATECH, APQ and SAPTCO
Explore Hyundai Motor's groundbreaking partnership. Learn about their collaborative efforts, cutting-edge technologies, and Saudi Arabia's commitment to achieving net zero emissions by 2060.
Seoul, South Korea- Hyundai Motor Company, an South Korean automotive manufacturer, has taken a monumental stride towards a sustainable future by partnering with esteemed organizations such as the Korea Automotive Technology Institute (KATECH), Air Products Qudra (APQ), and the Saudi Public Transport Company (SAPTCO). Together, they are reshaping the transportation landscape in the Kingdom of Saudi Arabia through pioneering hydrogen-based mobility solutions.
This strategic memorandum of understanding (MOU) signifies a crucial milestone in Hyundai's commitment to driving positive environmental change. Collaborating closely with KATECH, APQ, and SAPTCO, Hyundai is actively contributing to Saudi Arabia's ambitious green initiatives outlined in the "Saudi Vision 2030" and the "Saudi Green Initiative."
At the heart of this collaboration lies Hyundai Motor's pledge to provide SAPTCO with state-of-the-art hydrogen fuel cell commercial vehicles. Leveraging Hyundai's cutting-edge technologies and globally recognized products and services, this initiative will propel the hydrogen-based mobility industry in Saudi Arabia to new heights.
Jaehoon Chang, President and CEO of Hyundai Motor Company, expressed the significance of this partnership, stating, “This collaboration with Saudi Arabia’s major stakeholders signifies a pivotal moment in our mission to establish a sustainable hydrogen value chain. We are dedicated to expanding the hydrogen-based mobility industry in alignment with Saudi Arabia’s ambitious goal of achieving net zero emissions.”
In this groundbreaking venture, KATECH will contribute its expertise in research and development, while APQ will ensure a stable hydrogen supply within Saudi Arabia. SAPTCO, a key player in the Saudi transportation sector, will work closely with all partners to create a comprehensive, long-term plan. This plan is aimed at not only nurturing the existing hydrogen-based mobility ecosystem but also expanding its reach across the entire country.
Saudi Arabia's visionary "Saudi Green Initiative" highlights its unwavering commitment to exploring innovative technologies. This dedication aligns with the global objective of achieving net zero carbon emissions by 2060. Hyundai Motor Group's persistent efforts in driving the energy transition in Saudi Arabia are evident in its previous initiatives, including the export of ELEC CITY Fuel Cell buses and the XCIENT Fuel Cell heavy-duty truck.
Moreover, Hyundai's collaborative endeavors with industry giants such as the Saudi Arabian Oil Company (Aramco) and King Abdullah University of Science and Technology (KAUST) have paved the way for advanced fuel development. These initiatives underscore Hyundai's global commitment to pioneering clean and efficient energy technologies.
In conclusion, Hyundai Motor's transformative partnership not only marks a significant chapter in Saudi Arabia's journey towards sustainable transportation but also showcases the company's dedication to leading the charge in environmental innovation. Through this alliance, Hyundai is not just shaping the future of mobility in Saudi Arabia; it is driving a global revolution towards a greener, more sustainable tomorrow.
