Hyundai, Audi Enter Into Patent Cross-License

According to a report from Korea Bizwire, Hyundai Motor Group signed a multi-year patent cross-licensing deal with Audi AG on a broad range of fuel cell electric vehicle components and technologies. According to the report:

The agreement — signed between Hyundai Motor Co. and Audi — covers existing patents as well as those to be filed over the years to come. It also covers and benefits both companies’ affiliates, including Kia Motors Corp. and Audi’s parent company, Volkswagen AG.

The partnership will leverage collective research and development capabilities in fuel cell technology to elevate the presence of Hyundai Motor Group and Audi in the fuel cell electric vehicle market, Hyundai said, without elaborating on the duration of the agreement.

As a first step, Hyundai Motor Group said it will grant the German premium car maker the access to parts that are based on Hyundai’s know-how accumulated from the development of ix35 fuel cell as well as NEXO hydrogen fuel cell electric vehicle.

Hyundai Motor Group also said it and Audi have agreed to explore opportunities for a next step in their collaboration. This next step will aim to set industry standards in fuel cell technology as well as accelerate fuel cell electric vehicle development and spur innovation in this technology.

Read the full story here.

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