Hyundai Motor Company will establish a Hyundai Mobility Global Innovation Center in Singapore (HMGICs) to accelerate its innovation efforts and transformation into a smart mobility solution provider. With support from the Singapore Economic Development Board (EDB), the new 28,000 sqm innovative lab will be located in Singapore’s Jurong Innovation District and is set to be completed in the second half of 2022.
The lab will explore business ideas and technologies to revolutionise a value chain encompassing R&D, business and production for future mobility solutions and eventual expansion into global markets. Combining Hyundai’s open innovations efforts with Singapore’s fertile atmosphere, HMGICs will validate concepts including multi-modal mobility service.
The lab will also spearhead efforts to reach new markets and customers with cutting-edge technologies that will transform automotive R&D, production and sales. Combining AI, Internet of Things (IoT) and other advanced technologies, the lab will create a human-centred smart manufacturing platform that will be validated through a small pilot EV production facility.
In conjunction with the platform, an innovative product development process and on-demand production system will be tested and proven. Hyundai also aims to study new methods of vehicle development conducive to smart manufacturing while further increasing use of virtual reality (VR) technology in the vehicle development process.
Furthermore, HMGICs will facilitate collaboration opportunities with competitive local partners and educational institutions such as the Nanyang Technological University by conducting joint projects to pursue open innovation.
“The Hyundai Mobility Global Innovation Centre is an exciting addition to Singapore’s growing Mobility ecosystem. Its focus on innovative business concepts and the development of a smart manufacturing platform, leverages the research and innovation capabilities, and the value that Singapore provides to companies that want to develop, testbed and create new solutions for the world,” said Mr Tan Kong Hwee, Assistant Managing Director, EDB.
As part of its Smart Nation initiative to drive the adoption of digital innovation across industries, Singapore is actively fostering the use of digital technologies such as AI, digitalisation, and smart urban mobility. With a strong track record for open innovation, Singapore is an ideal location for Hyundai to test its innovative ideas such as HMGICs.
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