Hyundai and Shell plan EV and hydrogen services

A partnership on new cooperative projects focused on the transition to clean mobility and carbon reduction has been established between Hyundai and Shell under a new five-year Global Business Cooperation Agreement.

The partners plan to establish new types of service channels overseas and cooperate on energy supply business expansion into EV and hydrogen fuel cell (FCEV) charging services.

“This time around we will join forces to drive positive change with clean mobility solutions that benefit all,” Hyundai Motor Company global operations head Un Soo Kim says.

“With Shell, we will be securing our competitiveness within the automotive industry, continuing our transition as a smart mobility solution provider.”

The agreement, which runs through 2026, marks the fourth extension of the partnership started in 2005, but this time with a new focus on clean energy and carbon reduction in response to market changes.

The new agreement finds Hyundai looking to increase eco-friendly production and continue its transformation as a smart mobility solution provider. Shell will also expand its role in providing Hyundai with cleaner mobility solutions.

“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,” Shell’s global commercial business executive vice president Carlos Maurer says.

“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.”

The plan is to establish new types of service channels specialised for mobility service providers, primarily in Asia.

The global cooperation agreement also maintains Hyundai’s recommendation for Shell lubricants across its global aftermarket network.

The two companies run joint research and development projects including for the first-fill lubricants to meet Hyundai’s specific engine requirements, which could extend for collaboration on e-fluids development for EVs.

Shell also continues to work with Hyundai Motorsport in the FIA World Rally Championship competition as the Hyundai Shell MOBIS World Rally team goes for a second consecutive victory.