Hyundai, Cummins plan to make fuel cells for North American commercial trucks

Hyundai Motor Co. (OTC: HYMTF) and Cummins Inc. (NYSE: CMI) will work together on ways to develop and commercialize electric and fuel cell powertrains for North American commercial vehicle makers and to make stationary backup power systems for data centers.

With a memorandum of understanding signed on September 26, South Korea’s Hyundai becomes Cummins’ latest partner in hydrogen fuel cell development.

Earlier this month, Columbus, Indiana-based Cummins closed a $290 million acquisition of Hydrogenics, a Canadian fuel cell maker. It also invested an undisclosed amount in Loop Energy, another Canadian fuel startup.