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Audi, Hyundai to Join Forces to Push Fuel-Cell Technology

  • Carmakers to share components, patents in joint hydrogen plan
  • Long-term agreement targets joint fuel-cell car development
The Hyundai Nexo fuel cell car.

The Hyundai Nexo fuel cell car.

Photographer: David Paul Morris/Bloomberg

Tesla Inc.’s CEO Elon Musk has called it “mind-bogglingly stupid” and carmakers have gravitated away from it in recent years. Yet fuel-cell technology -- the science behind hydrogen cars that emit only water vapor -- is getting fresh impetus.

Hyundai Motor Co. and Volkswagen AG’s Audi unit plan to team up on vehicle development and share patent licenses to “lead industry standards” on fuel cells, Hyundai said in a statement Wednesday. The multi-year agreement covers joint work on a broad range of components.