This photo provided by Hyundai Motor on Nov. 23, 2023, shows representatives of the company and University College London at a memorandum of understanding signing ceremony in London for joint research projects involving carbon-neutral future technologies. (Image courtesy of Yonhap)
SEOUL, Nov. 23 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading automaker, said Thursday it has partnered with University College London (UCL) to pursue joint research projects involving carbon-neutral future technologies.
Under a memorandum of understanding signed in London on Wednesday (local time), Hyundai and UCL will cooperate in areas of research and development for hydrogen production, hydrogen fuel cells and electrification technology, the company said.
The agreement was signed on the sidelines of a bilateral business forum held on the occasion of South Korean President Yoon Suk Yeol’s state visit to Britain.
UCL is a prestigious research-oriented university based in London that has produced dozens of Nobel and Fields Prize laureates.
Notably, UCL is at the forefront of hydrogen-related technologies. Recently, it established the Advanced Propulsion Lab and has been strengthening its expertise in research on electric propulsion for automobiles.
In 2021, Hyundai announced a goal to become completely carbon neutral by 2045. It has been making efforts to reduce carbon emissions across its entire value chain.
Starting in 2035 in Europe and extending to key markets until 2040, Hyundai aims to sell only electric vehicles with zero carbon emissions. Furthermore, the company plans to replace 100 percent of power demand at its global facilities with renewable energy by 2045.
(Yonhap)
