Hyundai signed a business agreement with Ulsan Metropolitan City and Guangzhou City, the leading hydrogen cities in Korea and China, to promote a hydrogen ecosystem.
Hyundai Motor, Ulsan City, and Guangzhou City have decided to discover demonstration projects throughout the hydrogen industry, including hydrogen energy production, supply, and utilization.
In addition, various cooperation projects will be promoted through industry-academic joint research to secure competitiveness in hydrogen technology.
Hyundai Motor President Jang Jae-hoon said he will work together to help Ulsan and Guangzhou grow into world-class hydrogen cities by serving as a bridge between the two cities.
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