Hyundai Motor to Establish Hyundai Mobility Global Innovation Center in Singapore
SEOUL, March 31, 2020 – Hyundai Motor Company will establish a Hyundai Mobility Global Innovation Center in Singapore (HMGICs) to accelerate its innovation efforts, with support from the Singapore Economic Development Board (EDB).
The new innovative lab will be located in Singapore’s Jurong Innovation District, a one-stop advanced manufacturing hub developed by JTC Corporation, housing a vibrant ecosystem of researchers, technology and training providers and factories of the future.
As an open innovation lab, HMGICs will help ensure the company’s transformation into a smart mobility solution provider and secure its sustainable growth. The lab will explore business ideas and technologies to revolutionize a value chain encompassing R&D, business and production for future mobility solutions.
Proving new mobility business opportunities through open innovation
Hyundai, through HMGICs, will work closely with Singapore’s forward-thinking firms and educational institutions to pursue open innovation.
Hyundai to secure new markets and customers with revolutionary technologies
With HMGICs in place, Hyundai Motor will seek ways to implement smart technologies that will transform the automotive value chain including development, production and sales.
HMGICs aims to establish a human-centered smart manufacturing platform and present a vision of next-generation manufacturing for future vehicles. When realized, Hyundai’s new manufacturing platform will help make automotive plants safer and greatly diminish the physical burden for workers, using manpower only where necessary.
Hyundai’s transformation into Smart Mobility Solution Provider
Hyundai Motor in December announced a new vision for the company called Strategy 2025, aiming to transform into a Smart Mobility Solution Provider with two core business pillars of Smart Mobility Devices and Smart Mobility Services.
Mar 31, 2020 at 14:14