Hyundai Motor Group, NTU Singapore and A*STAR have joined hands to inaugurate the Corporate Lab, a first-of-its-kind collaboration in Singapore’s automotive manufacturing industry. This partnership marks a significant milestone in the country’s efforts to become a global leader in the automotive sector.
The Corporate Lab, located at NTU’s campus, will serve as a platform for the three organizations to work together on research and development projects that will drive innovation and technological advancements in the automotive industry. This collaboration brings together the expertise and resources of Hyundai Motor Group, one of the world’s largest automotive manufacturers, NTU Singapore, a leading research-intensive university, and A*STAR, Singapore’s national research and development agency.
The inauguration ceremony was attended by representatives from all three organizations, as well as government officials and industry leaders. The event was a testament to the strong commitment of all parties involved to drive the growth and development of the automotive sector in Singapore.
Speaking at the event, Mr. Euisun Chung, Executive Vice Chairman of Hyundai Motor Group, expressed his excitement about the collaboration and its potential to bring about positive change in the industry. He said, “We are thrilled to partner with NTU and A*STAR to establish the Corporate Lab. This collaboration will not only strengthen our presence in Singapore but also contribute to the country’s vision of becoming a global leader in the automotive sector.”
The Corporate Lab will focus on four key areas of research: advanced manufacturing, human-machine collaboration, artificial intelligence, and sustainable mobility. These areas are crucial for the future of the automotive industry and will play a significant role in shaping the vehicles and technologies of tomorrow.
NTU President, Professor Subra Suresh, highlighted the importance of this collaboration in driving innovation and creating a sustainable future. He said, “The Corporate Lab will serve as a hub for cutting-edge research and development, bringing together the best minds from academia and industry. This partnership will not only benefit the automotive sector but also contribute to the overall economic growth of Singapore.”
A*STAR Chairman, Mr. Lim Chuan Poh, also emphasized the significance of this collaboration in promoting research and development in the automotive industry. He said, “A*STAR is committed to supporting the growth of key industries in Singapore through strategic partnerships with industry leaders. The Corporate Lab is a prime example of how such collaborations can drive innovation and create new opportunities for growth.”
The Corporate Lab 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 not only enhance their skills but also contribute to the development of a skilled workforce for the sector.
The establishment of the Corporate Lab is a testament to Singapore’s efforts to become a global leader in the automotive industry. With its strategic location, strong infrastructure, and skilled workforce, Singapore is well-positioned to attract investments and drive growth in the sector.
The collaboration between Hyundai Motor Group, NTU Singapore, and A*STAR is a significant step towards achieving this goal. It brings together the best of industry and academia to drive innovation, create new technologies, and shape the future of the automotive industry.
In conclusion, the inauguration of the Corporate Lab marks a new chapter in the partnership between Hyundai Motor Group, NTU Singapore, and A*STAR. This collaboration will not only benefit the automotive sector but also contribute to the overall economic growth of Singapore. With its focus on advanced manufacturing, human-machine collaboration, artificial intelligence, and sustainable mobility, the Corporate Lab is poised to drive innovation and shape the future of the automotive industry in Singapore and beyond.