Hyundai Motor Company today broke ground on its Hyundai Motor Group Innovation Center (HMGICS) in Singapore during a virtual ceremony.
The new innovative lab will be located in Singapore’s Jurong Innovation District, a one-stop advanced manufacturing hub developed by JTC Corporation, housing a vibrant ecosystem of researchers, technology and training providers and factories of the future.
HMGICS will act as an open innovation lab for the group’s future mobility research and development, with the aim of revolutionising the future mobility value chain.
It will use eco-friendly energy sources like solar and hydrogen energy to help achieve carbon neutrality.
“HMGICS is a major step forward for Hyundai Motor. The facility is the first-of-its-kind in the world,” said Singapore Prime Minister Lee Hsien Loong.
“It will pave the way for more Korean companies to invest here, partner with local suppliers and SMEs, and collaborate with our universities and research institutes.”
“Singapore’s goal is to have all our vehicles run on cleaner energy by 2040, in line with our Paris Agreement commitments.”
“We hope this will open up new growth areas for our economy and create exciting jobs for Singaporeans.”
Construction is due to be completed by the end of 2022.