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Hyundai Motor Group and AUDI AG enter into patent cross-licensing agreement in FCEVs
Hyundai Motor Group and Audi have entered into a multi-year patent cross-licensing agreement, covering a broad range of fuel cell electric vehicle (FCEV) components and technologies. Under the new partnership, the world’s fifth-largest auto-making group and the German premium car maker 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 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.
The group 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 partnership between the group and Audi will leverage collective R&D capabilities in fuel cell technology to elevate their presence in the FCEV market. Therefore, the agreement also includes mutual access to fuel cell components.
As a first step, the group will grant its counterpart the access to parts that are based on the group’s know-how accumulated from the development of ix35 Fuel Cell as well as NEXO.
Audi – responsible for the development of fuel cell technology within the Volkswagen Group – will also be able to take full advantage of the group’s FCEV parts supply chain.
“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. We are confident that the Hyundai Motor Group-Audi partnership will successfully demonstrate the vision and benefits of FCEVs to the global society,” said Euisun Chung, Vice Chairman at Hyundai Motor Company.
“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. On our FCEV roadmap, we are joining forces with strong partners such as the group. For the breakthrough of this sustainable technology, cooperation is the smart way to leading innovations with attractive cost structures,” said Peter Mertens, Board Member for Technical Development at AUDI AG.
The group and Audi have also agreed to explore opportunities for the next step in their collaboration. This next step will aim to lead industry standards in fuel cell technology as well as accelerate FCEV development and spur innovation in this technology, providing more advanced mobility options to customers.
Long ranges and short refuelling 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 pronounced. Key aspects of its future market success include the regenerative production of hydrogen and the establishment of a sufficient infrastructure.
Hyundai was a two-time winner of the World Branding Awards in the Automotive category.
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