Hyundai

OEM : Conglomerate

Website | Video

Seoul, South Korea

KRX: 005380

Hyundai Motor Company is striving to provide freedom of movement to everyone by investing in mobility services, by building close relationship with leading mobility service providers and expanding our role beyond the automotive transportation sector. The company will play a pivotal role in global society’s transition to clean energy by helping make hydrogen an economically viable energy source.

Assembly Line

Hyundai Steel unveils steel sheets with 30% reduction in carbon emissions

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Author: Ik-Hwan Kim

Organizations: Hyundai

South Korean steelmaker Hyundai Steel Co. announced Tuesday it succeeded in the pilot manufacturing of advanced auto steel sheets using an electric furnace. Thanks to the electric furnace, carbon emissions were reduced by more than 30% when compared to a conventional method that uses iron ore and coal in furnaces. Direct-reduced iron (DRI) is produced from the direct reduction of iron ore into metallic iron by the way of decreasing gas or elemental carbon produced from natural gas or coal.

Read more at Korean Economic Daily

Hyundai Motor’s Alabama plant: World’s second most productive

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Author: Il-Gue Kim

Vertical: Automotive

Organizations: Hyundai

At Hyundai’s Alabama plant, it took 24.02 hours to fully assemble a vehicle, more productive than 28.71 hours at General Motors’ Fairfax plant, 29.99 hours at GM’s Lansing Delta assembly plant, and 31.92 hours at Toyota Motor’s Georgetown plant, according to the consulting firm.

Hyundai’s US plant is also more productive than its main Korean manufacturing plant in Ulsan in terms of units produced per hour. Hyundai Motor Manufacturing Alabama LLC (HMMA) produces 68 cars an hour, compared with 45 cars at Hyundai’s Ulsan plant, according to the auto industry.

Read more at The Korea Economic Daily

Hyundai Motor to set up metaverse factory with Unity

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Author: Jung-dong Roh

Topics: metaverse, digital twin

Organizations: Hyundai, Unity

Hyundai Motor Co., South Korea’s top automaker, is set to establish a digital virtual factory in a metaverse space with Unity, a US-based real-time 3D content platform, in order to become a smart mobility solutions provider through upgrades of plant operations and production innovations. The partnership is expected to realize Hyundai’s vision of becoming the first mobility innovator to build a Meta-Factory concept, a digital twin of an actual plant, supported by a metaverse platform.

The automaker plans to first apply the concept to Hyundai Mobility Global Innovation Center in Singapore (HMGICS), supporting Hyundai Motor Group’s initiative to create an open innovation hub for research and development. The group earlier planned to adopt digital twin technology to HMGICS’ design sector.

Read more at The Korea Economic Daily

Can Boston Dynamics’ Robots Spot And Stretch Make It Profitable?

Hyundai Motor Group x Boston Dynamics Factory Safety Service Robot

Exploring Additive Manufacturing Opportunities: Optimizing Production with Hyundai Lifeboats

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Author: Kristel Van den Bergh

Topics: additive manufacturing, 3D printing

Vertical: Ship and Boat

Organizations: Materialise, Hyundai

This project was the epitome of Explore. Just as myself, Director of Innovation at Materialise, and others from the Mindware team, had no experience or knowledge of producing lifeboats, the Hyundai team was unaware of the capabilities and limitations of 3D printing. So, the first step in this project was bringing our two worlds together to pinpoint a relevant business challenge for Hyundai Lifeboats that we believed could best be solved via additive manufacturing.

Easier said than done. We dove into an interactive workshop session in which we discovered each side’s perspectives, expectations, and blind spots. We first discussed how AM could increase the boat’s value — with enhanced speed, performance, functionality — but we were met with hesitancy from the Hyundai team.

Read more at Materialise Blog

MakinaRocks raises $10M in Series A

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Topics: Funding Event

Organizations: MakinaRocks, LG, Hyundai

MakinaRocks, an industrial AI solutions startup aiming to revolutionize the world of manufacturing, announced today that it has successfully raised $10 million in Series A funding from prestigious global investors. MakinaRocks expects to use the funds to expand the company’s portfolio and develop a Software as a Service (SaaS) platform built on the existing on-premise solutions to secure domestic and international customers. The company is actively hiring skilled individuals in data analysis, AI development, and business development.

Read more at MakinaRocks News

From apple juice to antibiotics: Coronavirus epidemic could cause U.S. shortages

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Author: Chris Morris

Topics: COVID-19

Organizations: Amazon, Foxconn, Hyundai, Nintendo, Under Armor

The toll of the ongoing coronavirus epidemic in human life is already devastating enough. But as quarantines continue in China, it looks like the global economic impact of the virus could be incredibly destructive too.

China is a manufacturing superpower, supplying both critical equipment and items of convenience. With some of the country’s citizens unable to report to work and exports curtailed, there are already shortages that have some companies worried.

Read more at Fortune (Paid)