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Primary Location Seoul, South Korea

Financial Status 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

HD Hyundai, Google Cloud team up to accelerate generative AI innovation

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🔖 Topics: Partnership

🏢 Organizations: Hyundai, Google

HD Hyundai and Google Cloud have formed a strategic partnership to use the US firm’s multimodal AI model Gemini, unveiled earlier this month, across the Korean company’s core businesses, including shipbuilding, heavy machinery and energy. Under the partnership, Google Cloud will provide HD Hyundai with enterprise tools such as the Vertex AI platform to develop industry-specific AI applications. Starting in January 2024, HD Hyundai and Google Cloud will develop various AI solutions tailored to industry-specific needs and cultivate AI experts at the Korean conglomerate.

Read more at PR Newswire

Inside Hyundai’s new sci-fi smart factory

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✍️ Author: Leon Poultney

🔖 Topics: 5G, Software-driven Factory

🏭 Vertical: Automotive

🏢 Organizations: Hyundai, Boston Dynamics

The Hyundai Motor Group Innovation Center Singapore (HMGICS, for short) isn’t just a firmware update of the traditional assembly line – it’s a futuristic (and mildly terrifying) look at our increasingly roboticized, AI-driven future. While Boston Dynamics’ Spot robot trots around to approve vehicles, a full digital twin of the factory floor runs simulations showing how the space can be better optimized. But arguably the most interesting thing is that you can order a new car at Hyundai’s plant and drive it away on the same day.

“This isn’t like a traditional production plant,” explains VP and Head of Smart Factory Technology, Alpesh Patel. “We plan to produce around 70 cars a day here, so it’s no mass production line, but that’s not the point. The speed at which we can react to customer personalization demands and cater to bespoke project requirements is like little else,” he adds. Patel claims that is can take as little as three hours to go from a customer ordering a vehicle to driving it away, thanks to the unique set-up of the highly automated cell-based production process.

Just a handful of highly skilled operatives work with walls of screens that can pull up a wealth of smart factory data, checking in on efficiency levels of each production cell and predicting when a robot requires servicing or a part needs to be ordered long before the need arises. A separate section of the room features a full digital twin of the factory floor (a meta factory, as it is referred to), which can run simulations when new production requirements arise. Patel claims that currently, staff in the Digital Command Centre are integral to the operation, but he states that AI will soon step up and begin taking care of most of the day-to-day functionality.

Read more at Tech Radar

Supernal and Korean Air Announce Strategic Partnership to Spur Development of Advanced Air Mobility Vehicles and Operational Ecosystem

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🔖 Topics: Partnership

🏢 Organizations: Hyundai, Supernal, Korean Air

Supernal LLC – Hyundai Motor Group’s Advanced Air Mobility (AAM) company – announced today a strategic partnership with Korean Air to help accelerate the design of an electric vertical takeoff and landing (eVTOL) vehicle and the development of the AAM ecosystem in Korea. The collaboration adds to a growing list of Supernal partnerships that are advancing its mission to make AAM an efficient and reliable option for everyday transportation needs.

The companies will engage in a variety of activities as part of the partnership, including exchanging technical data and jointly participating in workshops and programs to help develop an AAM ecosystem that will support safe eVTOL operations. As part of the agreement, Korean Air will provide insights about Korean-market requirements and AAM aircraft specifications, informing Supernal’s product and market development strategies. The companies will also explore ways to effectively test the operation of Supernal’s eVTOL vehicle and AAM infrastructure networks.

Read more at Hyundai Newsroom

Ford, Hyundai test Tesla supplier's Giga Press

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🏭 Vertical: Automotive

🏢 Organizations: Idra Group, Ford, Hyundai, Volvo, Tesla

Idra, an Italian aluminum casting machine maker and Tesla supplier, has added Ford, Hyundai and another European company to its customer base as more automakers explore this manufacturing technique. Tesla has pioneered the use of massive casting machines, also known as ‘Giga Presses,’ to make large single pieces of vehicle underbodies, streamline production and reduce the work even of robots.

The source said Idra was also about to sign a supply contract for two 9,000 presses with a premium automaker in Europe, its first with a European group. Sources said Volvo has purchased two Idra Giga Presses for their new plant in eastern Europe.

Read more at Automotive News Europe

🗜️ Hyundai Rotem unveils ultra-large servo press line

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✍️ Author: Hyung-Kyu Kim

🏢 Organizations: Hyundai

Hyundai Rotem, a subsidiary of Hyundai Motor Group and a South Korean railway system manufacturer, announced on Thursday that it held a demonstration event of its next-generation servo press with a capacity of 6,800 tons for domestic and international customers at its Dangjin plant. Hyundai Rotem plans to deliver the servo press to Hyundai Motor’s electric car factory in the state of Georgia in the United States.

“Through the introduction of the ultra-large servo press, we have gained a technological advantage in the automotive production equipment market,” a company source said. “Through continuous research and development, we aim to capture a significant portion of the global press market.”

Read more at Korea Economic Daily

Tenstorrent Raises a $100M Strategic Up-round Co-led by Hyundai Motor Group and the Samsung Catalyst Fund

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🔖 Topics: Funding Event

🏢 Organizations: Tenstorrent, Hyundai, Samsung

Tenstorrent is pleased to announce that it closed a $100M strategic financing up-round led by Hyundai Motor Group and Samsung Catalyst Fund, with participation from Fidelity Ventures, Eclipse Ventures, Epiq Capital, Maverick Capital, and more.

Tenstorrent sells AI processors and licenses AI and RISC-V IP to customers that want to own and customize their silicon. Both Hyundai Motor Group and Samsung have a strong history of product leadership and enjoy massive success in their respective markets.

Read more at PR Newswire

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

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✍️ Author: Ik-Hwan Kim

🔖 Topics: Sustainability

🏢 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)