Hyundai • Kia Motors and stakeholders from Nordic Countries sign MoU on fuel cell electric vehicle deployment
Hyundai • Kia Motors and key hydrogen stakeholders from Sweden, Denmark, Norway & Iceland recently signed a Memorandum of Understanding (MoU) with the aim of collaboration towards market deployment of zero emission hydrogen powered fuel cell electric vehicles (FCEV).
With the MoU, Hyundai • Kia hopes to establish its position as one of the leading manufacturers in the global markets for FCEVs, the companies said. For the Nordic countries, the MoU strengthens their position as one among the first regions worldwide where FCEVs are market introduced. The Embassy of Sweden and the Korean Ministry of Knowledge & Economy signed the MoU as co-witnesses at a joint signing ceremony in Seoul, Korea on 31 January 2011.
Hyundai • Kia has actively been developing FCEVs as well as battery electric vehicles. Within the Nordic countries there is a long-standing strong collaboration between Icelandic New Energy (INE) and the Scandinavian Hydrogen Highway Partnership (SHHP) with the purpose of deploying fuel cell vehicles and constructing and clustering hydrogen fuelling stations in a cross country infrastructure network. The ambition is to ensure the Nordic region as one among the first worldwide where FCEVs are market introduced.
Following the signing of the MoU, Hyundai • Kia and the Nordic partners plan to collaborate on advancing the deployment of an increasing volume of FCEVs and wide-spreading hydrogen infrastructure in the Nordic countries, enabling the setting for commercialization of in 2015 as announced by most of the key automotive players back in September 2009.