March
23, 2021
Dubai
Hyundai Motor Company signed a new five-year Global Business Cooperation Agreement with Royal Dutch Shell plc, the international energy company known as Shell — but this time with a clean mobility twist. The signing ceremony was held online at Hyundai Motorstudio Goyang, Korea.
“This time around we will join forces to drive positive change with clean mobility solutions that benefit all,” said Un Soo Kim, Senior Vice President and Head of Global Operations Division of Hyundai Motor Company. “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, but this time with a new focus on clean energy and carbon reduction in proactive 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,” said Carlos Maurer, Executive Vice President of Shell’s Global Commercial Business. “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.”