Hyundai and Toyota Discuss Collaboration on Hydrogen Mobility
Key Ideas
- Hyundai Motor Group's chief Euisun Chung expressed interest in collaborating with Toyota Motor on hydrogen-powered mobility during the 2024 World Rally Championship in Japan.
- Both automakers have been in discussions about hydrogen cooperation, following their recent meetings and shared interest in advancing fuel cell technology.
- Hyundai's Nexo FCEV model competes with Toyota's Mirai in the global market, highlighting the potential for collaboration between the two companies.
- Chung praised Hyundai's performance in the WRC, stating that victories like Thierry Neuville's drivers' championship title inspire the company to continue innovating in car development.
During the 2024 World Rally Championship at Toyota Stadium in Aichi Prefecture, Japan, Hyundai Motor Group's executive chair, Euisun Chung, revealed the potential for collaboration with Toyota Motor in the realm of hydrogen-powered mobility. The discussions between Hyundai and Toyota have centered around advancing fuel cell technology, with both companies showing a keen interest in cooperation. This collaboration prospect emerged after Chung's meetings with Toyota Chairman Akio Toyoda at racing events in South Korea and Japan. Hyundai's current portfolio includes the Nexo FCEV model and the recently unveiled Initium concept, indicating the company's commitment to hydrogen technology since establishing a dedicated research organization in 1998. The Nexo competes with Toyota's Mirai in the global market, setting the stage for potential joint ventures. Chung praised Hyundai's performance in the WRC, particularly Thierry Neuville's victory, emphasizing the motivation it provides for further research and development in car technology.