Hyundai Motor Company and Toyota Motor Corporation are set to hold the Hyundai Nx Toyota Gaju Racing Festival in Yongin, South Korea, signaling a significant collaboration between the two automotive giants. The event will focus on discussions regarding cooperation in the fields of hydrogen and high-performance vehicles, leveraging Hyundai's advancements in hydrogen and electric cars with Toyota's expertise in high-performance vehicle technology. The meeting between Chairman Chung Eui-sun and Chairman Akio Toyoda reflects a positive sentiment towards collaboration, emphasizing a 'win-win' partnership. Both companies are expected to explore joint development of hydrogen fuel cell vehicle standards to drive industry progress globally. Hyundai will showcase the 'N Vision 74' high-performance car and the 'Ionic 5 NTA Specification' electric SUV, highlighting their technological prowess. On the other hand, Toyota will present the 'AE86 H2 Concept' and 'GR Corolla' powered by liquid hydrogen, showcasing their innovation in high-performance vehicles. The festival serves as a platform for industry leaders to discuss future mobility and technological advancements, setting the stage for potential strategic partnerships and advancements in the automotive sector.