Hyundai Motor Group and Singapore Forge Partnership for Advanced Manufacturing and Sustainable Energy Research

Hyundai, Singapore to build research center to develop cutting-edge manufacturing tech

Government officials, scholars and businesspeople from Korea and Singapore pose during the Korea-Singapore Business Forum in the Asian city-state, Tuesday. From left are Hyundai E&C CEO Yoon Young-joon, Hyundai Motor CEO Chang Jae-hoon, Minister of Trade, Industry and Energy Ahn Duk-geun, Tan See Leng, minister of Manpower and Second Minister for Trade and Industry of Singapore, Lam Khin Yong, vice president of Nanyang Technological University (NTU), and Madhavi Srinivasan, executive director of Energy Research Institute at NTU. Courtesy of Ministry of Trade, Industry and Energy Two sides join forces for hydrogen energyBy Lee Min-hyung Hyundai Motor Group has teamed up with the government of Singapore and the country's top tech university to establish a joint research center for manufacturing technology, such as artificial intelligence (AI), robotics and 3D printing, the carmaker said Wednesday. Hyundai Motor Group Innovation Center Singapore (HMGICS) has partnered with Nanyang Technological University (NTU) and Singapore's Agency for Science, Technology and Research to establish the tripartite research facility. Hyundai Motor and Singapore will also deepen their tech partnership into more diverse, innovative manufacturing areas. HMGICS, which opened in November last year in the city-state, is at the center of driving mobility innovation, focusing on developing more sophisticated manufacturing solutions for the carmaker's smart factories worldwide. "The research partnerships between NTU and the automaker reflect how close collaboration with industry is vital in developing innovative and relevant solutions to address real-world issues, including the race to carbon neutrality," NTU Vice President Lam Khin Yong said. "We will continue to build on our long-standing partnership with Hyundai Motor Group, leveraging NTU's core strengths in areas, such as sustainable energy, AI, robotics, 3D printing and advanced materials to develop innovative and sustainable solutions for Singapore and the global society." They also agreed to expand their partnership for next-generation energy areas. With the partnership, they will place their strategic focus on developing alternative energy sources by leveraging the group's advanced energy technologies which are suitable for Singapore's unique characteristics. As a city-state, Singapore faces mounting challenges in achieving carbon neutrality, as it secures limited natural resources and relies heavily on natural gas, which accounts for 95 percent of its power generation. Singapore will see the growing importance of hydrogen energy and an advanced energy system, as attempts to achieve carbon neutrality, according to Hyundai Motor Group. Hyundai Motor Group and NTU will jointly study how to adopt hydrogen production technologies for relevant businesses in Singapore. This includes implementing Hyundai Motor's innovative waste-to-hydrogen (W2H) systems. W2H utilizes organic waste, such as food and sewage sludge, to produce hydrogen. "HMGICS is a global hub for Hyundai Motor Group's future mobility innovation," HMGICS Vice President and CEO Park Hyun-sung said. "Through the partnership, we aim to accelerate our research in the field of innovative technologies, ultimately enhancing the commercial viability of our sustainable mobility solutions."

Hyundai Motor Group and Singapore Strengthen Joint Research in Sustainable Energy and Manufacturing Solutions - Hyundai Motor (OTC:HYMTF)

Hyundai Motor Group and Nanyang Technological University, Singapore collaborate in the field of hydrogen energy and advanced energy systemThe partnership aims to advance towards carbon neutrality through joint research with world-renowned NTUHMGICS, NTU and A*STAR to establish a tripartite Corporate Lab Program for collaborative research in AI, robotics and 3D printing SINGAPORE and SEOUL, South Korea, Oct. 8, 2024 /PRNewswire/ -- Hyundai Motor Group (the Group) has signed a collaborative research agreement with Nanyang Technological University, Singapore (NTU) in the field of new energy at the Singapore-Korea Business Forum, Ritz Carlton Singapore, on October 8. The partnership encompasses a three-year research collaboration, focusing on the hydrogen energy business and advanced energy system. This collaboration between the Group and NTU, a globally renowned university, aims to develop alternative energy sources to achieve carbon neutrality, leveraging the Group's advanced energy technologies that are suitable for Singapore's unique characteristics. "HMGICS is a global hub for Hyundai Motor Group's future mobility innovation," said Hyun Sung Park, Vice President and CEO of Hyundai Motor Group Innovation Center Singapore (HMGICS). "Through this partnership, we aim to accelerate our research in the field of innovative technologies, ultimately enhancing the commercial viability of our sustainable mobility solutions." One of the key areas of focus will be studying the adoption of hydrogen production technologies and businesses in Singapore. This includes the implementation of Hyundai Motor Group's innovative resource-cycle hydrogen production technologies: Plastic-to-Hydrogen (P2H) and Waste-to-Hydrogen (W2H) systems. W2H utilizes organic waste such as food and sewage sludge to produce hydrogen, while P2H utilizes non-recyclable plastic. In the field of advanced energy system research, the Group and NTU will develop a solution that is well-suited for urban countries like Singapore. The system offers the advantages of easy installation and high safety levels thanks to its modular design, playing a vital role in achieving carbon neutrality in Singapore. HMGICS also held a joint signing ceremony for the establishment of a tripartite research center with NTU and the Agency for Science, Technology, and Research (A*STAR). The Corporate Lab Program is set to conduct research in innovative manufacturing domains such as AI, robotics and 3D printing. "The research partnerships between NTU Singapore and Hyundai Motor Group reflect how close collaboration with industry is vital in developing innovative and relevant solutions to address real world issues, including the race to carbon neutrality," said Professor Lam Khin Yong, Vice President (Industry) of NTU. "We will continue to build on our long-standing partnership with Hyundai Motor Group, leveraging NTU's core strengths in areas such as sustainable energy, AI, robotics, 3D printing, and advanced materials, to develop innovative and sustainable solutions for Singapore and the global society." For more information, please visit: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Media Center (kianewscenter.com), Genesis Newsroom View original content to download multimedia:https://www.prnewswire.com/news-releases/hyundai-motor-group-and-singapore-strengthen-joint-research-in-sustainable-energy-and-manufacturing-solutions-302270720.html SOURCE Hyundai Motor Group Market News and Data brought to you by Benzinga APIs