Hyundai and Audi are teaming up to collaborate on hydrogen car technology.
Under the terms of the new deal, the companies will be able to access each other’s intellectual property and share components and technology.
Hyundai hopes the move will create greater demand for its hydrogen fuel cell vehicles such as the ix35 model, while bringing down costs to make the technology more profitable.
The firms suggest progress and adoption in the field has historically been held back by a lack of infrastructure.
Euisun Chung, Vice Chairman at Hyundai Motor Company, said: “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 fuel cell electric vehicles to the global society.”