Hyundai Motor Group had begun the construction of its open mobility innovation center in Singapore, where the group will research the entire value chain of a customer's automobile life cycle.
The research would start from ordering of cars to production, test driving, delivery, and service.
Planned for completion by the end of 2022, the new global lab dubbed Hyundai Motor Group Innovation Center in Singapore, or HMGICS will be built in Jurong Innovation Complex on a site of 44,000 square meters, with a total floor area of 90,000 square meters.
The HMGICS will feature a 620 meter-long “sky track” for customer test-drives, an air mobility take-off and landing site, and solar panels.
Hyundai intends to further expand the use of clean energy through hydrogen fuel cells to eliminate carbon dioxide emissions.
According to Hyundai Motor Group Executive Vice Chairman Chung Euisun, HMGICS’ vision of human-centered value chain innovation will help improve the quality of customer life.


Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline
Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth
Zhongji Innolight Raises $6.8 Billion in Hong Kong IPO as AI Demand Fuels Growth
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight
ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters
CATL Shares Jump as $5.6 Billion Buyback Signals Confidence in Long-Term Growth 



