ROLLS-ROYCE & HYUNDAI MOTOR GROUP SIGN MOU TO LEAD THE WAY IN THE ADVANCED AIR MOBILITY MARKET USING ALL-ELECTRIC PROPULSION AND HYDROGEN FUEL CELL TECHNOLOGY
FARNBOROUGH, England, July 18, 2022 /PRNewswire/ -- Farnborough Airshow --Rolls-Royce and Hyundai Motor Group are announcing plans today to collaborate on bringing all-electric propulsion and hydrogen fuel cell technology to the Advanced Air Mobility (AAM) market.
- FARNBOROUGH, England, July 18, 2022 /PRNewswire/ -- Farnborough Airshow --Rolls-Royce and Hyundai Motor Group are announcing plans today to collaborate on bringing all-electric propulsion and hydrogen fuel cell technology to the Advanced Air Mobility (AAM) market.
- The partnership will leverage Rolls-Royce's aviation and certification capabilities and Hyundai Motor Group's hydrogen fuel cell technologies and industrialisation capability.
- The Memorandum of Understanding (MOU) between Rolls-Royce and Hyundai Motor Group includes five strategic aims:
Collaborating on the technology development and requirements of power and propulsion systems for Hyundai's Advanced Air Mobility Division. - The Advanced Air Mobility Market offers great commercial potential, and this collaboration supports our joint ambitions to lead the way in the Advanced Air Mobility Market.