Hyundai Motor Group (the Group) is opening a $400 million Hyundai Motor Group Innovation Center in Singapore (HMGICS) set to be completed by the end of 2022. Located at the Jurong Innovation District, the 28,000 m2 center will act as an open innovation lab for the Group’s future mobility research and development, with the aim of revolutionising the future mobility value chain.
“HMGICS is a major step forward for Hyundai Motor. The facility is the first of its kind in the world. It will pave the way for more Korean companies to invest here, partner with local suppliers and SMEs, and collaborate with our universities and research institutes,” said Singapore Prime Minister Lee Hsien Loong.
“Singapore’s goal is to have all our vehicles run on cleaner energy by 2040, in line with our Paris Agreement commitments. We hope this will open up new growth areas for our economy, and create exciting jobs for Singaporeans,” he continued.
“Hyundai Motor Group Innovation Center in Singapore will strive for ‘Human-Centered Value Chain Innovation for a Mobility Paradigm Shift.’ We will offer products and services tailored to customers’ needs,” said Hyundai Motor Group Executive Vice Chairman Euisun Chung. “I am confident the innovations that spring from HMGICS will shape our future global society for the better and contribute to the progress of humanity.”
In future, customers will be able to customise and purchase vehicles online using a smartphone, which will immediately start production using Hyundai’s on-demand technology. The customers can then watch their car being manufactured at HMGICS. Once the car is ready for delivery, it will be transferred to the 620-meter-long Sky Track where customer can test drive the vehicle.
The center will also act as a test bed for a human-centered intelligent manufacturing platform with small scale EV production facility on site. The facility will utilise the latest ‘Industry 4.0’ smart technologies, such as artificial intelligence (AI), Internet of Things (IoT) and robotics. The logistics and assembly lines within HMGICS will be highly automated to establish a safe and efficient work environment. The Group will also test versatile systems that produce multiple models, to respond efficiently to fast changing market environments.
The collaboration will go beyond the Group and into the Singaporean innovation ecosystem. Singaporean universities, startups and research institutes, including Nanyang Technological University, Singapore – the first local academic research partner – will be able to collaborate through the open innovation lab.
“Hyundai is a strategic partner in our effort to address future mobility needs through innovation and advanced manufacturing technologies. The Hyundai Motor Group Innovation Centre will introduce important new capabilities in areas such as electric vehicles and urban air mobility, and create new opportunities for Singaporeans. This will complement the vibrant base of companies that are involved in the development of autonomous driving and electrification technologies,” said Dr. Beh Swan Gin, Chairman, Singapore Economic Development Board (EDB).
CLICK HERE FOR LATEST NEWS.
READ CURRENT AND PAST ISSUES OF IAA.
KEEP YOURSELF UPDATED, SUBSCRIBE TO IAA NOW!