6533 5878

Hyundai Motor Company And Poh Tiong Choon Logistics To Develop Hydrogen Ecosystem In Singapore

Areas of focus as part of MOU include commercial vehicles and business models.
Gerald Yuen
Gerald Yuen
28 Nov 2023

Hyundai Motor Company and Poh Tiong Choon Logistics Limited have entered into a Memorandum of Understanding (MOU) to create a hydrogen-based mobility ecosystem in Singapore. The agreement aims to foster the development and utilisation of hydrogen-powered vehicles in the region.

What’s this MOU about?

The MOU signing is in line with Singapore's national strategy to promote hydrogen as a means of decarbonisation. Through this agreement, Hyundai Motor Company will explore business prospects within Singapore's hydrogen ecosystem and form a collaborative partnership with Poh Tiong Choon Logistics Limited (PTC).

Hyundai Motor Company and Poh Tiong Choon Logistics Limited (PTC) are partnering to leverage their expertise, experience and resources for the comprehensive development of a hydrogen ecosystem in Singapore. This collaboration extends beyond hydrogen-based mobility and encompasses the entire process, from production to utilisation. The specific areas of cooperation outlined in the MOU include the exploration and development of projects related to the hydrogen ecosystem, commercial vehicles and various business models.

What is Hyundai Motor Group Innovation Center Singapore?

Hyundai Motor Group Innovation Center Singapore (HMGICS), inaugurated on 21 November 2023, is a smart urban mobility hub designed to function as an innovation lab. It is intended to assist Singapore in its aim to achieve 50% hydrogen usage in power generation by 2050.

Who is Poh Tiong Choon Logistics Limited?

PTC, a prominent logistics provider in Singapore, specialises in transportation, warehouse services and port leasing. With over 70 years of history in Singapore, originating in the 1950s, PTC has built a robust business network in the country. The company is keen on adopting hydrogen mobility as part of its commitment to transitioning to an eco-friendly logistics business.


Selling your car? Whatever the reason, caryousell@carousell, sell your car at the highest price today.

Why sell your car with Oneshift?
Convenient and Hassle-Free

We know that visiting multiple car dealerships can be a real hassle! We’ll help you obtain the highest price for your car within 24 hours from our network of 500+ certified dealers from the comfort of your home.

Consumer Protection

We say no to unethical dealers. We employ strict quality control when validating the used car dealers in our panel and only work with trusted and reputable LTA-approved partners.

Transparent Process With No Obligation

We respect our customers and understand that at times, you may have doubts or need more time to decide. Don’t worry—we will never force a sale on you. Our dealer partners will only transact with you when you are satisfied with the final offer.

Sell your car for the best price in Singapore

Get the best price for your used cars from 500+ verified dealers, all within 24 hours

William Teng
2 weeks ago
The quote for my car was fast, responsive and the highest. The transaction was fast and explanation was clear. The person who inspected my car was friendly and professional. It was a good experience with OneShift.
William Chan
3 weeks ago
The transaction was very smooth from the minute I get on to their website trying to sell my car till the car ownership transferred and have the money paid by Pay Now into my account. It only takes less than 3 days. The person attending to me are very professional, Jon at the phone in their office and Sean Tan who came down to view and test the car. I am very happy to have decided to sell my car through "One Shift By Carousell"