- Hyundai Motor Group and Toray Group to develop superior supplies for future mobility, together with high-performance automobiles and special-purpose mobility
- Hyundai Motor Group will perform vehicle-level design, efficiency analysis and suitability assessments of superior supplies and parts
- Toray Group will concentrate on growing intermediate supplies and molded merchandise primarily based on its carbon fiber applied sciences
- The 2 corporations will collaborate throughout the whole worth chain within the area of high-performance composites, from R&D to manufacturing and commercialization
Hyundai Motor Group and Toray Industries Inc., (Toray Group) signed a Strategic Joint Growth Settlement to collaborate on superior supplies and parts innovation, aiming to set new requirements in future mobility.
The signing ceremony came about on October 24 at Hyundai Motor Group’s headquarters in Seoul, Korea. Key attendees included Heung-soo Kim, Government Vice President and Head of International Technique Workplace at Hyundai Motor Group and Miki Terada, Common Supervisor of Superior Composites Division at Toray Group.
“This settlement marks an vital milestone in our partnership, because it represents the primary tangible end result of our strategic collaboration initiated final yr,” mentioned EVP Kim. “By clearly defining our focus areas and mixing our respective strengths, we are going to work carefully collectively throughout the whole course of—from R&D to manufacturing and commercialization—within the area of superior composite supplies, enhancing our capacity to reply to market calls for.”
Miki Terada, Common Supervisor of Superior Composites Division at Toray Group, additionally commented that “The Joint Growth Settlement marks a big step ahead in advancing the partnership established within the earlier yr. Leveraging Toray’s distinctive materials applied sciences and in depth experience, we are going to collaborate carefully with Hyundai Motor Group to create revolutionary composite options important for next-generation mobility. From R&D to manufacturing and commercialization, we are going to work in shut coordination to reinforce our competitiveness within the world market.”
Constructing on the strategic cooperation settlement signed in April 2024, the 2 corporations have continued to work collectively to develop high-performance composite supplies, equivalent to carbon fiber-reinforced plastic (CFRP), to reinforce security and efficiency in mobility.
Since then, the 2 corporations have recognized initiatives that maximize synergy by means of shut collaboration and have outlined concrete plans for joint improvement by leveraging their respective strengths.
The newly signed settlement represents a significant step ahead of their collaboration, accelerating the event of superior supplies and parts for future mobility, together with high-performance automobiles in addition to special-purpose mobility equivalent to lunar exploration rovers and robots.
Hyundai Motor Group goals to speed up innovation in future mobility and create new market alternatives by means of shut collaboration with Toray Group throughout the whole worth chain—from know-how improvement to manufacturing and commercialization—within the area of high-performance composite supplies.
As a part of this effort, Hyundai Motor Group will perform vehicle-level design, suitability assessments and efficiency evaluations of superior supplies and parts by means of its Supplies Analysis & Engineering Heart, which is chargeable for growing and validating new physique supplies.
The event and manufacturing of carbon fiber composites might be carried out by Toray Group’s world subsidiaries: Toray Superior Supplies Korea, Toray Superior Composites within the Netherlands and Euro Superior Carbon Fiber Composites in Germany. These entities concentrate on growing intermediate supplies and molded merchandise primarily based on Toray Group’s carbon fiber know-how.
