Hyundai and Audi form partnership on fuel cell technology

Auto / Business / Tech
fuel cell technology

The agreement between the two will see them sharing patent licenses and any current and future R&D.

Fuel cell technology is something almost every automaker is researching and developing to carry their businesses into the future. Hyundai Motor Group and AUDI AG announced they have entered into a multi-year patent cross-licensing agreement, covering a broad range of fuel cell electric vehicle (FCEV) components and technologies. This new partnership will see the two automakers combining efforts on fuel cell technology and electric vehicles.

“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 agreement between the two will see them sharing patent licenses and any current and future R&D outlined within the agreement. It’s an interesting partnership and it highlights how the auto industry is slowly moving away from gas and oil. It will be interesting to see if the partnership can accelerate fuel cell technology research and start producing viable and profitable product soon.

“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.”

Hit the link below to read the entire press release.

What do you think of this partnership? How do you think of fuel cell technology? Are you ready to change from the traditional gas-powered vehicle? Let us know in the comments below or on Google+, Twitter, or Facebook.

  Source: Hyundai
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