Hyundai, Shell partner on energy solutions for electric vehicles
Hyundai Motor Company has signed a new five-year global business cooperation agreement with Royal Dutch Shell Plc to undertake new cooperative projects focused on the transition to clean mobility and carbon reduction.
The pact would also establish new types of service channels overseas and start to cooperate on energy supply business expansion into Electric Vehicle (EV) and Fuel Cell Electric Vehicle (FCEV) charging services.
The signing ceremony was held online at Hyundai Motorstudio Goyang, Korea.
The agreement, which runs through 2026, marks the fourth extension of the partnership, but this time with a new focus on clean energy and carbon reduction in proactive response to market changes.
Senior Vice President and Head of Global Operations Division, Hyundai Motor Company, Un Soo Kim, said: “This time around we will join forces to drive positive change with clean mobility solutions that benefit all.
“With Shell, we will be securing our competitiveness within the automotive industry, continuing our transition as a smart mobility solution provider,” he said.
The new agreement finds Hyundai looking to increase eco-friendly production and continue its transformation as a smart mobility solution provider.
Shell will also expand its role in providing Hyundai with cleaner mobility solutions.
Executive Vice President of Shell’s Global Commercial Business, Carlos Maurer, said accelerating the mobility sector to net zero will require collaborative pioneers willing to act now and establish the alignments needed to deliver a cleaner energy future.
Maurer said: “We believe we can best enhance Hyundai’s customer service experiences by tapping our EV charging expertise and our deep insights gathered from daily interactions with motorists at our 46,000 retail sites globally.”
Besides, the partnership will undertake cooperative projects that reflect this new direction, including a plan to establish a new type of service channels specialised for mobility service providers, primarily in Asia.
Both companies will also discuss cooperation schemes for energy supply business, such as EV and FCEV charging services.