Hyundai Rotem announced on the 8th that it signed a memorandum of understanding (MOU) with Egypt's New Administrative Capital Authority (NAT) for cooperation in constructing a hydrogen fuel cell tram system in the new administrative capital, at the "Korea-Egypt Business Roundtable" event held at The Grand Lotte Seoul on the 7th.
Through this memorandum of understanding, Hyundai Rotem agreed to continue consultations with the New Administrative Capital Authority regarding plans for supplying hydrogen fuel cell trams to be operated in Egypt's new administrative capital. The project is currently undergoing a preliminary feasibility study. If the project proceeds, Hyundai Rotem will provide comprehensive solutions necessary for commercial operation, including vehicle supply, operations, systems, and maintenance.
Egypt's new administrative capital is being constructed approximately 35 km east of Cairo and is a large-scale smart city that can accommodate more than 6 million residents upon completion. The introduction of hydrogen fuel cell trams as a public transportation means is anticipated, with plans under consideration to introduce 44 tram sets on a route section of approximately 28 km.
With the signing of this memorandum of understanding, Hyundai Rotem has laid the foundation for its first overseas expansion in hydrogen fuel cell trams. The company aims to secure related demand in the global railway market and further solidify its business leadership once the supply of hydrogen fuel cell trams is confirmed.
It is also expected to serve as a stepping stone for expanding the overseas entry of domestic hydrogen and railway industries. This is because it can create opportunities for joint expansion with partner companies involved in vehicle production, along with the construction of related infrastructure such as hydrogen production and charging required for operating hydrogen fuel cell trams.
It is also expected to serve as a catalyst for expanding the global hydrogen fuel cell tram market. Hyundai Rotem plans to strengthen its efforts to capture the global market by leveraging its hydrogen fuel cell tram capabilities and integrated solutions across the entire hydrogen value chain of "HTWO," the hydrogen brand and business platform of the Hyundai Motor Group, while seeking to expand overseas entry.
Hydrogen fuel cell trams filter fine dust by absorbing air during operation and emit only water without direct carbon emissions. Because they generate electricity through onboard hydrogen fuel cells, they realize "100% overhead line-free" operation, requiring no separate power supply catenary for operations, thereby creating a comfortable track environment and enhancing urban aesthetics.
A Hyundai Rotem official stated, "We will build a hydrogen fuel cell tram business model optimized for local operation and cooperate closely with the New Administrative Capital Authority until the project is confirmed."
in INDUSTRY
