Hyundai Motor Group signed a memorandum of cooperation to promote the development of the hydrogen energy industry with Guangzhou, China, and Ulsan, South Korea. According to the memorandum of cooperation, the three parties will jointly hold hydrogen energy exchanges, seminars, share excellent examples in the field of hydrogen energy industry, and explore cooperation schemes; around the entire lifecycle of hydrogen production, distribution, and utilization, jointly explore demonstration projects in the hydrogen energy industry; implement joint research and development projects to enhance the competitiveness of hydrogen energy technology. The three parties will establish a working mechanism, regularly conduct work exchanges, and jointly promote the practical results of cooperation. At the same time, Ulsan City also plans to implement various hydrogen-powered travel modes planned in Guangzhou City.