June 20, 2018—Hyundai and Audi will partner on hydrogen vehicle technology, reported Reuters.
Hyundai wants to increase the uptake of hydrogen cars, which are propelled by electricity generated by fuel cells, according to the report.
The two companies will be able to access each other's intellectual property and share components like new parts developed by Audi, according to Reuters. Audi is responsible for hydrogen fuel cell technology in the Volkswagen Group.
The report said Hyundai hopes to create greater demand for vehicles such as its ix35 model and bring down costs to make the technology profitable.
Carmakers such as Toyota have touted the benefits of hydrogen vehicles, which take less time to refuel than the recharge times of battery electric cars, but are expensive and suffer from a lack of refuelling stations. Many carmakers are focusing on battery electric vehicles, which can take between half an hour and half a day to recharge, but are increasingly able to use a growing network of charging points, according to the report.