Hyundai Motor Group, NTU Singapore and A*STAR have come together to launch a pioneering initiative in the field of automotive manufacturing in Singapore – the Corporate Lab. This collaboration, which is the first of its kind, aims to innovate and enhance the automotive industry in the country.
The Corporate Lab was officially inaugurated on 14th October 2021, at the Nanyang Technological University (NTU) Singapore. This landmark partnership between Hyundai Motor Group and the top-notch research institutions – NTU Singapore and A*STAR – signifies a commitment towards developing cutting-edge technologies and solutions for the automotive industry.
The Corporate Lab is designed to be a centre of excellence focused on research and development, knowledge sharing and collaboration in the area of automotive manufacturing. It will bring together the resources, expertise and knowledge of all three partners to drive innovation and transform the landscape of the automotive industry in Singapore.
The inauguration of the Corporate Lab was attended by high-level delegates from Hyundai Motor Group, NTU Singapore and A*STAR, including Mr Moon Chang Yoon, Chairman of Hyundai Motor Group, Mr Ong Ye Kung, Deputy Chairman of NTU Singapore and Mr Till Ahn, CEO of A*STAR. This event was marked with an air of excitement and optimism as the partners came together to celebrate this significant milestone.
In his speech at the inauguration, Mr Moon Chang Yoon, Chairman of Hyundai Motor Group, expressed his pleasure at being a part of this collaboration. He emphasized the importance of this partnership in accelerating the development of new technologies and enhancing the competitiveness of the automotive industry in Singapore. He also highlighted the commitment of Hyundai Motor Group towards investing in R&D activities through partnerships with leading institutions around the world.
Mr Ong Ye Kung, Deputy Chairman of NTU Singapore, also shared his thoughts on this collaboration, stating that it would not only benefit the automotive industry but also contribute to the overall economy of the country. He emphasized the importance of collaborations between industry and academia in driving innovation and creating a vibrant ecosystem for research and development.
The Corporate Lab will focus on key areas such as intelligent manufacturing, vehicle electrification, and smart mobility. It will also explore emerging technologies such as artificial intelligence, big data, and advanced materials to find solutions for challenges faced by the automotive industry. This focus on innovation and technology will not only improve the manufacturing process but also enhance safety and sustainability in the automotive sector.
One of the unique aspects of this collaboration is the participation of A*STAR, which will bring its extensive research capabilities to the table. The research agency will work closely with NTU Singapore and Hyundai Motor Group to develop cutting-edge technologies and solutions that can be applied to the automotive sector.
The collaboration will also provide opportunities for students and researchers to work on real-world projects and gain hands-on experience in the automotive industry. This will enable the development of a highly skilled workforce that can drive innovation and bring about positive change in the sector.
The Corporate Lab is a testament to the commitment of all three partners towards promoting research and development activities in Singapore. It is a groundbreaking initiative that will contribute towards positioning the country as a leader in the future of automotive manufacturing.
Looking ahead, the partners are positive about the potential of this collaboration and are determined to make the Corporate Lab a success. With the strong support of the government and the combined expertise of the partners, the future looks promising for the automotive industry in Singapore.
In conclusion, the Corporate Lab is a game-changing collaboration that will drive innovation, research, and development in the automotive sector in Singapore. It is a significant step towards shaping the future of the industry and positioning Singapore as a global leader in automotive manufacturing. With the combined efforts of Hyundai Motor Group, NTU Singapore and A*STAR, the Corporate Lab is all set to revolutionize the automotive industry and create a more sustainable and technologically advanced future.
