Hyundai and Audi have announced they are teaming up as part of a new multi-year patent cross-licensing agreement, which will cover a broad range of fuel cell electric vehicle (FCEV) components and technologies.
Under the new partnership, the manufacturers will make joint efforts in developing FCEVs, to lead the automotive industry to a more sustainable future.
The cross-license agreement has been signed between Hyundai Motor Company – the Group’s flagship car-making unit – and Audi but also covers and benefits both companies’ affiliates, including but not limited to Kia Motors Corporation and Audi’s parent company Volkswagen AG.
“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.”
Under the deal Hyundai and Audi, as well as their affiliates will equally share the patent licenses over the years to come. The duration of the agreement has not been disclosed.
“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 also plans to strengthen its competitiveness in the fuel cell components industry, engaging in new business opportunities created by the new partnership.
Hyundai Mobis (Mobis), the leading FCEV’s components manufacturer of the Group, is expected to continuously expand its role for developing and supplying proprietary core components for Hyundai and Kia FCEVs, particularly in relation to hydrogen fueling methods.
Long ranges and short refueling times make hydrogen an attractive future source of energy for electric mobility. This is particularly true for larger automobiles, where the weight advantages of the fuel cell vehicle inherent to its design are particularly noticeable.