Hyundai Motor Company and Cummins Inc., announced today that the two global powertrain leaders have entered into a memorandum of understanding (MOU) to jointly evaluate opportunities to develop and commercialize electric and fuel cell powertrains.
These new powertrains are expected to be developed by combining Hyundai’s fuel cell systems with Cummins’ electric powertrain, battery and control technologies; the initial development will be focused on the North American commercial vehicle market, including working with North American OEMs on the integration of these systems into their vehicles.
The companies will also explore ways they can work together to develop next-generation fuel cell systems, and have each committed to assign a team of individuals to investigate and pursue other areas of collaboration.
“This partnership is a terrific opportunity for both companies to leverage our respective strengths and create new opportunities to grow and broaden the product portfolio we bring to our customers,” said Thad Ewald, Vice President, Corporate Strategy, Cummins Inc. “We’ve made significant investments over the past year to accelerate our fuel cell capabilities including our acquisition of Hydrogenics and this partnership is another step forward.”
Saehoon Kim, Vice President and Head of Fuel Cell Group at Hyundai Motor Group said: “With Hyundai’s global leadership in fuel cell systems coupled with Cummins’ unparalleled electrified powertrain technologies, we expect this partnership to leave a mark in the commercial vehicle market. Collaborations such as this will enable us to further diversify our business, as well as reinforce our global hydrogen leadership through sales of new and existing Hyundai fuel cell systems.”