Hyundai and Shell new deal to reduce emissions

Hyundai Motor and Shell are expanding their collaboration to explore ways to offer lower carbon emissions products and services and to reduce emissions across their operations.

A memorandum of understanding (MOU) signed in California by Hyundai Motor Company president and chief executive Jaehoon Chang and Shell’s downstream director Huibert Vigeveno builds on several years of partnership and will draw on the companies’ expertise in EV charging, hydrogen, low carbon energy solutions and digital technology.

“Through this collaboration, we see ample opportunities for the transformation of our respective businesses and have identified promising synergies that will allow Hyundai Motor and Shell to thrive during the transition to future mobility and clean energy solutions,” Chang says.

Vigeveno adds: “Strategic collaborations like this will be fundamental in the world’s transition to cleaner energy.

“To succeed we will have to break into new growth markets and work at a scale we have not seen before,” he explains.

“This agreement is the latest example of how we work with our customers to help accelerate their carbon emission reduction plans.”

Areas of focus for the two companies include the selection of Shell Recharge Solutions as the charge point operator (CPO) and mobility service provider (MSP) for premium brand Genesis where drivers charge on-the-go, at home and at destinations with Shell initially in the UK, Germany and Switzerland.

They are also pursuing combined EV network and service offerings in key markets, providing integrated hydrogen solutions such as hydrogen infrastructure for targeted fleet customers, Hyundai potential to expand battery EVs in Shell fleets, and digital projects using Shell’s in-car services experience which may include vehicle management and smart maintenance.