Skoda Group and Hyundai Rotem sign partnership memorandum

On 20 September representatives of the Czech Skoda Group and Korean Hyundai Rotem signed a memorandum of understanding for collaboration in technology and innovation within the railway industry. The agreement aims to provide a framework for potential projects ranging from localisation of production and technology transfer to participation in global railway and infrastructure projects, including tramways. There will be joint research and implementation of advanced solutions in hydrogen fuel cells, alternative energy and hydrogen ecosystems. Hyundai Rotem recently announced the first fleet order for 34 hydrogen-powered trams for the city of Daejong in Korea, while Skoda is building the first of up to 200 low-floor trams for the Czech capital Praha (Prague), but the first collaboration is on a fleet of new 25kV ac electric locomotives for Tanzania. 

 

Petr Novotny, CEO of Skoda Group, said 'By joining forces, we can leverage our shared expertise in railway technology and innovation, advancing solutions that meet the growing needs of modern transport systems. This MOU represents a forward-looking approach that paves the way for potential joint projects, while enhancing local manufacturing and fostering the transfer of technology. We look forward to working closely with Hyundai Rotem to explore new opportunities that benefit both our companies, as well as the communities and markets we serve’.