Under the new partnership, the worlds fifth-largest auto-making group and the German premium car maker will make joint efforts in developing FCEVs.
Althought the agreement has been signed between Hyundai and Audi, it also covers and benefits both companies affiliates, including but not limited to Kia Motors Corporation and Audis parent company Volkswagen AG. Their affiliates will equally share the patent licenses over the years to come. The duration of the agreement has not been disclosed.
The partnership between Hyundai Motor Group and Audi will leverage collective R&D capabilities in fuel cell technology to elevate their presence in the FCEV market, a joint release from the companies stated.
As a first step, Hyundai will grant its counterpart the access to parts that are based on Hyundais know-how accumulated from the development of ix35 Fuel Cell as well as NEXO. Audi will be able to take full advantage of Hyundais FCEV parts supply chain.
"This agreement is another example of Hyundais strong commitment to creating a more sustainable future whilst enhancing consumers lives with hydrogen-powered vehicles, the fastest way to a truly zero-emission world," said vice chairman, Hyundai Motor Company, Euisun Chung.
"The fuel cell is the most systematic form of electric driving and thus a potent asset in our technology portfolio for the emission-free premium mobility of the future," said Board Member for Technical Development at AUDI AG, Peter Mertens.