Monday 19 April 2021
 
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Hyundai, Shell sign new pact on clean energy solutions

DUBAI, 28 days ago

Hyundai Motor Company said it has signed a new five-year global business co-operation agreement with Royal Dutch Shell Shell with a renewed focus on clean energy solutions and carbon reduction in proactive response to market changes.
 
The agreement, which runs through 2026, marks the fourth extension of the partnership. It finds Hyundai looking to increase eco-friendly production and continue its transformation as a Smart Mobility Solution Provider. 
 
Under this pact, Shell will also expand its role in providing Hyundai with cleaner mobility solutions.
 
"This time around we will join forces to drive positive change with clean mobility solutions that benefit all," said Un Soo Kim, the Senior VP and Head of Global Operations Division of Hyundai Motor Company, at the signing ceremony held online at Hyundai Motorstudio Goyang in Korea.
 
"With Shell, we will be securing our competitiveness within the automotive industry, continuing our transition as a smart mobility solution provider," he noted.
 
Carlos Maurer, Executive VP of Shell’s Global Commercial Business, 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."
 
"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," noted Maurer.
 
The partnership will undertake cooperative projects that reflect this new direction, including a plan to establish new type of service channels specialized 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, he added.-TradeArabia News Service



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