Rolls-Royce and Hyundai Motor Group announced plans to collaborate on bringing all-electric propulsion and hydrogen fuel cell technology to the Advanced Air Mobility (AAM) market. The partnership will leverage Rolls-Royce's aviation and certification capabilities and Hyundai Motor Group's hydrogen fuel cell technologies and industrialisation capability. Both companies share a vision of leading the way in the AAM market delivering battery-electric and fuel cell electric solutions to the Urban Air Mobility (UAM) and Regional Air Mobility (RAM) markets and advancing sustainable aviation.

The Memorandum of Understanding (MOU) between Rolls-Royce and Hyundai Motor Group includes five strategic aims: Collaborating on the technology development and requirements of power and propulsion systems for Hyundai's Advanced Air Mobility Division. Collaborating on the industrialisation of Rolls-Royce power and propulsion systems for the Advanced Air Mobility market. Development of electric propulsion systems based upon hydrogen fuel cells as an energy source for Hyundai's RAM platforms. Collaborating to bring to market a joint fuel-cell electric propulsion system to the wider AAM market.

Delivering a joint fuel-cell electric aircraft demonstration by 2025. The signing ceremony took place at Supernal's booth at Farnborough Airshow and was attended by Warren East, CEO of Rolls-Royce, Grazia Vittadini, Chief Technology and Strategy Officer and Rob Watson, President of Rolls-Royce Electrical as well as Euisun Chung, Executive Chair of Hyundai Motor Group, Jaiwon Shin, President and Head of AAM Division of Hyundai Motor Group, and Jaeyong Song, Vice President of AAM Division of Hyundai Motor Group.