Hyundai Nexo

Korean automotive conglomerate Hyundai Motor Group has entered into a patent cross-licensing agreement with Audi AG, the brand responsible for fuel cells within the Volkswagen Group.

The agreement will see the two organisations share hydrogen fuel cell technology and components, including existing patents. Hyundai, one of the leading manufacturers of road-ready consumer fuel cell cars, built the world’s first integrated production system for FCEVs, and is already capable of manufacturing around 3,000 complete fuel cell drivetrains per year. Audi, which has yet to sell a hydrogen-powered car, has committed to building cars using this technology as part of its sustainability strategy.

“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.”

“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.”

 

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