- Hyundai Motor Group and Toray Group to develop superior supplies for future mobility, together with high-performance autos and special-purpose mobility
- Hyundai Motor Group will perform vehicle-level design, efficiency analysis and suitability assessments of superior supplies and elements
- Toray Group will give attention to growing intermediate supplies and molded merchandise based mostly on its carbon fiber applied sciences
- The 2 corporations will collaborate throughout your complete worth chain within the discipline 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 elements innovation, aiming to set new requirements in future mobility.
The signing ceremony befell 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, Basic Supervisor of Superior Composites Division at Toray Group.
“This settlement marks an necessary milestone in our partnership, because it represents the primary tangible final result of our strategic collaboration initiated final yr,” stated EVP Kim. “By clearly defining our focus areas and mixing our respective strengths, we are going to work intently collectively throughout your complete course of—from R&D to manufacturing and commercialization—within the discipline of superior composite supplies, enhancing our skill to answer market calls for.”
Miki Terada, Basic 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 intensive experience, we are going to collaborate intently with Hyundai Motor Group to create progressive 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 international 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, comparable to carbon fiber-reinforced plastic (CFRP), to reinforce security and efficiency in mobility.
Since then, the 2 corporations have recognized tasks that maximize synergy by shut collaboration and have outlined concrete plans for joint growth by leveraging their respective strengths.
The newly signed settlement represents a serious step ahead of their collaboration, accelerating the event of superior supplies and elements for future mobility, together with high-performance autos in addition to special-purpose mobility comparable to lunar exploration rovers and robots.
Hyundai Motor Group goals to speed up innovation in future mobility and create new market alternatives by shut collaboration with Toray Group throughout your complete worth chain—from know-how growth to manufacturing and commercialization—within the discipline 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 elements by its Supplies Analysis & Engineering Heart, which is answerable for growing and validating new physique supplies.
The event and manufacturing of carbon fiber composites can be carried out by Toray Group’s international subsidiaries: Toray Superior Supplies Korea, Toray Superior Composites within the Netherlands and Euro Superior Carbon Fiber Composites in Germany. These entities give attention to growing intermediate supplies and molded merchandise based mostly on Toray Group’s carbon fiber know-how.
