Hyundai Motor Group has said it has signed an agreement with Audi AG to jointly develop electrical vehicles powered by fuel cell. Under the multi-year agreement signed today, Hyundai’s affiliates, including Kia and Audi’s parent company Volkswagen AG, will share components, supply chains and patent licensing.The duration of the partnership wasn’t disclosed.
Hyundai, the world’s fifth-largest auto maker, began to mass produce fuel cell vehicles in 2013. But in South Korea and elsewhere, wider adoption of hydrogen fuel cell vehicles has been slow largely due to a dearth of refuelling stations. South Korea’s government plans to add more hydrogen refuelling stations to increase electronics vehicle sales and reduce carbon emissions.
“This agreement is another example of Hyundai’s 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 Euisun Chung, Vice Chairman at Hyundai Motor Company. “We are confident that the Hyundai Motor Group-Audi partnership will successfully demonstrate the vision and benefits of FCEVs to the global society.”
“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 Peter Mertens, Board Member for Technical Development at AUDI AG. “On our FCEV roadmap, we are joining forces with strong partners such as Hyundai. For the breakthrough of this sustainable technology, cooperation is the smart way to leading innovations with attractive cost structures.”
Hyundai has shown its new FCEV NEXO, with 120kW output, beating the Tucson Fuel Cell Vehicle.