Hyundai Motor-Shell Extend Partnership "Cooperation in Energy Supply for Eco-Friendly Vehicles"

Developing Specialized Service Hubs for Yangsa Mobility Vehicles and Establishing Them Overseas
Cooperation in Eco-Friendly Vehicle Energy Supply Sector

[Asia Economy Reporter Changhwan Lee] Hyundai Motor Company announced on the 18th that it will extend its global business partnership contract with the world-renowned energy company Royal Dutch Shell Group (hereinafter Shell).

On the same day, Hyundai Motor installed a relay center at Hyundai Motorstudio Goyang (located in Ilsanseo-gu, Goyang-si) and held a signing ceremony by inviting Shell officials to an online video conference. Attendees included Kim Eonsu, Head of Hyundai Motor's Global Business Management Division, and Carlos Maurer, President of Shell Global Commercial, among other representatives from both companies.

Since 2005, Hyundai Motor and Shell have been conducting joint projects and marketing activities aimed at improving global customer satisfaction and strengthening service competitiveness.

With this extension contract, the two companies plan to continue their cooperation until 2026. While maintaining existing collaborations, they will also launch new joint projects focused on future mobility.

As with the existing partnership, Hyundai Motor and Shell will provide Shell’s high-quality engine oil products at competitive prices to global Hyundai customers over the next five years. They will jointly conduct service marketing activities to enhance global customer satisfaction and strengthen service competitiveness. Hyundai Motor will support joint research and development activities to improve the quality of Shell’s engine oil.

Additionally, Hyundai Motor and Shell will carry out new collaborative projects to actively respond to changes in the future mobility market.

The two companies plan to develop specialized service hubs for mobility vehicles overseas and collaborate in the field of eco-friendly vehicle energy supply.

Kim Eonsu, Head of Hyundai Motor's Global Business Management Division, said, “We are pleased to extend the long-standing partnership between Hyundai Motor and Shell. With this strengthened cooperation, I am confident that both Hyundai Motor and Shell will be able to proactively respond to changes in the future mobility market and secure competitiveness.”

Carlos Maurer, President of Shell Global Commercial, stated, “Implementing a clean energy future in the mobility sector requires drive and pioneering spirit. This partnership is meaningful in that both Shell and Hyundai Motor share this philosophy and are developing future mobility solutions together.”

This content was produced with the assistance of AI translation services.