Hyundai Motor and US diesel engine manufacturer Cummins have signed a preliminary agreement to explore opportunities to collaborate in the development and supply of hydrogen fuel cell powertrains.

The initial plan is to jointly develop and commercialise fuel cell powertrains by combining Hyundai's fuel cell systems expertise with Cummins' electric powertrain, battery and control technologies.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Initial development will focus on the North American commercial vehicle market including working with OEMs on the integration of the new powertrains into their vehicles.

The two companies will also explore ways working together in developing next generation fuel cell systems and both have already committed to assign a team to investigate and pursue other areas of collaboration, in areas such as backup power generators. 

Cummins head of corporate strategy, Thad Ewald, said: "This partnership is a terrific opportunity for both companies to leverage our respective strengths and create new opportunities to grow and broaden our product portfolio.

"We have made significant investments over the past year to accelerate our fuel cell capabilities including the acquisition of Hydrogenics, which was another major step forward."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Hyundai expects the collaboration to provide a springboard to strengthen its presence in the North America commercial vehicle market and also to explore business opportunities in other markets.

Kim Sae-hoon, in charge of the carmaker's fuel cell business, said the partnership would enable Hyundai to further diversify its activities and strengthen its global hydrogen leadership.