SEOUL/SINGAPORE– Hyundai Motor Group (the Group) today officially opens the Hyundai Motor Group Innovation Center Singapore (HMGICS) to accelerate the delivery of the Group’s human-centric future mobility vision.
The facility introduces a new ‘smart urban mobility hub’ concept, which includes a highly automated flexible production system and provides unprecedented ways for electric vehicle (EV) buyers to interact with their vehicles and the Hyundai brand. HMGICS symbolizes the Group’s determination to progress onwards with its global leadership in the creation of sustainable, innovative mobility solutions and progressive customer experience.
As part of the Group’s commitment to grow with Singapore, the opening of HMGICS saw the signing of multiple MOUs. In collaboration with Nanyang Technological University, Singapore (NTU Singapore) and the Agency of Science, Technology and Research (A*STAR) — a statutory board under Singapore’s Ministry of Trade and Industry — HMGICS will create the first tripartite ‘Corporate Lab’ in Singapore. The Lab will accelerate innovations in and the adoption of new technologies to create a collaborative future mobility ecosystem in Singapore.
An MOU signed with the Singapore Business Federation (SBF) and Singapore Manufacturing Federation (SMF) will enable Singaporean small and medium-sized enterprises (SMEs) to co-develop advanced manufacturing solutions, giving Singapore’s mobility industry a unique outlook to set it apart from the traditional automotive landscape.
The Group also signed an MOU with PTC Logistics, Singapore’s largest logistics service provider, to establish a renewable hydrogen energy ecosystem in Singapore. Based on this agreement, HMGICS will serve as an innovation hub to support Singapore in accomplishing hydrogen initiatives, such as the National Hydrogen Strategy, to achieve 50 percent hydrogen usage in nationwide power supply by 2050.
“Hyundai Motor Group is leading the mobility paradigm shift, but we are determined to deliver even greater levels of innovation. HMGICS will enable us to shape the future of mobility production, and indeed, the manufacturing industry, in collaboration with the culture of open innovation and forward-looking policies that Singapore is renowned for globally,” said Hong-Bum Jung, Senior Vice President and CEO of HMGICS.
The ability of HMGICS to transform manufacturing and customer experience reinforces Hyundai Motor Group’s strategic vision, which it shares with Singapore, to progress onwards at pace with the creation of world-leading, innovative, sustainable mobility solutions for the benefit of all.
About Hyundai Motor Group
Hyundai Motor Group is a global enterprise that has created a value chain based on mobility, steel, and construction, as well as logistics, finance, IT and service. With about 250,000 employees worldwide, the Group’s mobility brands include Hyundai, Kia and Genesis. Armed with creative thinking, cooperative communication and the will to take on any challenges, we strive to create a better future for all.
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