Toyota Motor Corp. and Hyundai Motor Group are set to jointly host the Hyundai N x TOYOTA GAZOO Racing Festival in Yongin, South Korea, on Oct. 27, 2024. The event will bring together the leaders of the two auto giants, Toyota's Akio Toyoda and Hyundai's Chung Euisun, raising expectations of a closer partnership in future mobility technology. Both companies have been actively seeking collaborations in the EV and hydrogen car sectors, with Hyundai recently partnering with GM and Toyota with BMW to develop hydrogen vehicles. The festival will feature famous racers from both companies, with discussions focused on sharing visions for the mobility industry. With Hyundai's focus on hydrogen fuel-cell cars and Toyota's commitment to hydrogen vehicles and EVs, the potential collaboration could have a significant impact on the global auto market. The event will also serve as a platform for Hyundai to showcase its N Vision 74 high-performance hydrogen-electric hybrid vehicle and Toyota to introduce its hydrogen concept, the AE86 H2, for the first time in Korea. The meeting between Toyoda and Chung is expected to cover possible partnerships in hydrogen vehicles, EVs, and hybrid cars. Hyundai is keen to learn from Toyota's hybrid car success factors, while Toyota is interested in Hyundai's quick rise in the EV market. The event reflects the companies' dedication to future mobility solutions and could lead to groundbreaking developments in the auto industry.