Hyundai Motor Group intends to join the Clean Energy Partnership to promote Fuel Cell Electric Vehicles in Germany
Hyundai to showcase its excellence in Fuel Cell technologies in Germany
- Expected to further enhance competitiveness in the development of environment-friendly car
(Feb. 25, 2011) The Hyundai Motor Group signed a memorandum of understanding (MOU) with members of the Clean Energy Partnership (CEP) to help promote Fuel Cell Electric Vehicles (FCEV) and showcase the company’s competitiveness in eco-friendly vehicles.
The initial agreement was signed today in Seoul, attended by Dr. Hyun Soon Lee, Vice Chairman of Hyundai Motor Company, Dr. Klaus Bonhoff, Managing Director of NOW GmbH (National Organization of Hydrogen and Fuel Cell Technology), Patrick Schnell, Chairman of the Clean Energy Partnership (CEP) and other CEP members.
As part of its global activities to prepare commercialization of fuel cell vehicles, Hyundai intends to join the Clean Energy Partnership in 2011. The parties agreed to negotiate respective terms for participation.
The German Federal Government together with stakeholders from various industry sectors and academia set up the National Innovation Programme to support the market preparation of fuel cell technology in Germany. The combined budget for the Programme amounts to Euro 1.4 billion and covers the period 2007-2016.
“With Hyundai coming on board, the CEP would gain another strong partner from the automotive industry. We believe this can advance the commercialization of fuel cell vehicles” said Patrick Schnell, Chairman of the Clean Energy Partnership (CEP).
“By participating in the Clean Energy Partnership, Hyundai intends to generate another momentum in finding ways to better fuel cell technology and performance” said Vice Chairman Dr. Lee of the Hyundai Motor.
Last January, the Hyundai Motor Group had signed a memorandum of understanding (MOU) with four Northern European countries to operate a test fleet of Fuel Cell Electric Vehicles (FCEV) in the European market.
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Established in 1967, Hyundai Motor Co. has grown into the Hyundai Motor Group which has ranked as the world’s fifth-largest automaker since 2007 and includes more than two dozen auto-related subsidiaries and affiliates. Hyundai Motor, which has six manufacturing bases outside of South Korea, sold approximately 3.6 million vehicles globally in 2010. Hyundai vehicles are sold in 186 countries through some 5,300 dealerships and showrooms. Further information about Hyundai Motor and its products is available at www.hyundai.com.
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