Hyundai Motor Chairman Chung Euisun Meets Successive CEOs of UK Airlines (Comprehensive)

Chairman Jeong Visits Farnborough Airshow in UK
Discusses AAM Business with Key Aviation Industry Stakeholders

Hyundai Motor Group Chairman Chung Eui-sun (third from right), Rolls-Royce CEO Warren East (third from left), and Hyundai Motor AMM Division Head Shin Jae-won are taking a commemorative photo after signing the MOU on the 18th.

[Asia Economy Reporter Choi Dae-yeol] Chung Eui-sun, Chairman of Hyundai Motor Group, met with key figures in the aviation industry at the Farnborough Airshow held in the UK to discuss future aviation mobility (AAM) related business.

According to Hyundai Motor on the 19th, Chairman Chung met with Warren East, CEO of Rolls-Royce, the previous day and signed a business agreement. Rolls-Royce, established in 1906, is a British aircraft engine company recognized for its advanced technology in aerospace, defense, marine, and energy sectors.

Through this agreement, both companies will jointly develop hydrogen fuel cell propulsion systems and battery propulsion systems for the regional air mobility (RAM) aircraft being developed by Hyundai Motor Group. They also agreed to conduct joint research on the battery propulsion system of the aircraft being developed by Supernal, Hyundai Motor Group’s UAM business unit, until 2025.

At the Supernal exhibition booth that day, Hyundai Motor Group also signed a business agreement with Safran, a French aircraft engine company. Headquartered in Paris, France, Safran designs and develops various aerospace and defense equipment, including aircraft engines and rocket engines. Through this agreement, Hyundai Motor Group and Safran will jointly develop propulsion systems to be installed on Hyundai Motor Group’s AAM aircraft.

During the event, Chairman Chung also met with top executives from major aviation companies such as Boeing to exchange views and agreed to cooperate on the overall AAM business. The company stated, "Hyundai Motor Group is being recognized as a major player in the aviation industry as a mobility solution provider beyond just an automobile manufacturer."

Hyundai Motor Group’s UAM subsidiary in the US, Supernal, is strengthening cooperation in various ways to expand the AAM ecosystem. It is pursuing plans to build urban transportation hubs through an agreement with Urban-Airport, a UK vertiport (vertical takeoff and landing base) startup, and is developing UAM batteries in collaboration with EPS, an aircraft battery manufacturer. Unlike conventional aircraft, UAM takes off and lands vertically, making the weight of the aircraft directly related to safety.

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