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Hyundai Motor Group and Singapore Strengthen Joint Research in Sustainable Energy and Manufacturing Solutions

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Hyundai Motor Group has signed a collaborative research agreement with Nanyang Technological University, Singapore (NTU) to focus on hydrogen energy and advanced energy systems. The three-year partnership aims to develop alternative energy sources for carbon neutrality, leveraging Hyundai's technologies suitable for Singapore's unique characteristics.

Key research areas include studying the adoption of hydrogen production technologies in Singapore, such as Hyundai's innovative Plastic-to-Hydrogen (P2H) and Waste-to-Hydrogen (W2H) systems. The collaboration will also develop an advanced energy system suited for urban countries like Singapore, offering easy installation and high safety levels through its modular design.

Additionally, Hyundai Motor Group Innovation Center Singapore (HMGICS) has established a tripartite Corporate Lab Program with NTU and the Agency for Science, Technology, and Research (A*STAR) to conduct research in AI, robotics, and 3D printing for innovative manufacturing.

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Positive

  • Collaboration with renowned NTU Singapore to develop alternative energy sources
  • Research focus on innovative hydrogen production technologies (P2H and W2H)
  • Development of advanced energy systems suitable for urban environments
  • Establishment of tripartite Corporate Lab Program for AI, robotics, and 3D printing research

Negative

  • None.

News Market Reaction – HYMTF

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-0.64% News Effect

On the day this news was published, HYMTF declined 0.64%, reflecting a mild negative market reaction.

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  • Hyundai Motor Group and Nanyang Technological University, Singapore collaborate in the field of hydrogen energy and advanced energy system
  • The partnership aims to advance towards carbon neutrality through joint research with world-renowned NTU
  • HMGICS, NTU and A*STAR to establish a tripartite Corporate Lab Program for collaborative research in AI, robotics and 3D printing

SINGAPORE and SEOUL, South Korea, Oct. 8, 2024 /PRNewswire/ -- Hyundai Motor Group (the Group) has signed a collaborative research agreement with Nanyang Technological University, Singapore (NTU) in the field of new energy at the Singapore-Korea Business Forum, Ritz Carlton Singapore, on October 8. The partnership encompasses a three-year research collaboration, focusing on the hydrogen energy business and advanced energy system.

This collaboration between the Group and NTU, a globally renowned university, aims to develop alternative energy sources to achieve carbon neutrality, leveraging the Group's advanced energy technologies that are suitable for Singapore's unique characteristics.

"HMGICS is a global hub for Hyundai Motor Group's future mobility innovation," said Hyun Sung Park, Vice President and CEO of Hyundai Motor Group Innovation Center Singapore (HMGICS). "Through this partnership, we aim to accelerate our research in the field of innovative technologies, ultimately enhancing the commercial viability of our sustainable mobility solutions."

One of the key areas of focus will be studying the adoption of hydrogen production technologies and businesses in Singapore. This includes the implementation of Hyundai Motor Group's innovative resource-cycle hydrogen production technologies: Plastic-to-Hydrogen (P2H) and Waste-to-Hydrogen (W2H) systems. W2H utilizes organic waste such as food and sewage sludge to produce hydrogen, while P2H utilizes non-recyclable plastic.

In the field of advanced energy system research, the Group and NTU will develop a solution that is well-suited for urban countries like Singapore. The system offers the advantages of easy installation and high safety levels thanks to its modular design, playing a vital role in achieving carbon neutrality in Singapore.

HMGICS also held a joint signing ceremony for the establishment of a tripartite research center with NTU and the Agency for Science, Technology, and Research (A*STAR). The Corporate Lab Program is set to conduct research in innovative manufacturing domains such as AI, robotics and 3D printing.

"The research partnerships between NTU Singapore and Hyundai Motor Group reflect how close collaboration with industry is vital in developing innovative and relevant solutions to address real world issues, including the race to carbon neutrality," said Professor Lam Khin Yong, Vice President (Industry) of NTU. "We will continue to build on our long-standing partnership with Hyundai Motor Group, leveraging NTU's core strengths in areas such as sustainable energy, AI, robotics, 3D printing, and advanced materials, to develop innovative and sustainable solutions for Singapore and the global society."

For more information, please visit: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Media Center (kianewscenter.com), Genesis Newsroom

FAQ

What is the focus of Hyundai Motor Group's collaboration with NTU Singapore?

The collaboration focuses on hydrogen energy and advanced energy systems, aiming to develop alternative energy sources for carbon neutrality. Key areas include studying hydrogen production technologies and developing advanced energy systems suited for urban environments.

What are the innovative hydrogen production technologies mentioned in the Hyundai Motor Group (HYMTF) press release?

The press release mentions two innovative hydrogen production technologies: Plastic-to-Hydrogen (P2H) and Waste-to-Hydrogen (W2H) systems. W2H utilizes organic waste like food and sewage sludge to produce hydrogen, while P2H uses non-recyclable plastic.

What is the tripartite Corporate Lab Program established by Hyundai Motor Group (HYMTF) in Singapore?

Hyundai Motor Group Innovation Center Singapore (HMGICS) has established a tripartite Corporate Lab Program with NTU and the Agency for Science, Technology, and Research (A*STAR) to conduct research in innovative manufacturing domains such as AI, robotics, and 3D printing.

How long is the research collaboration between Hyundai Motor Group (HYMTF) and NTU Singapore?

The research collaboration between Hyundai Motor Group and Nanyang Technological University, Singapore (NTU) is set for a three-year period, focusing on hydrogen energy business and advanced energy systems.
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