Hyundai Motor Group, NTU Singapore and A*STAR have joined hands to inaugurate the Corporate Lab, a pioneering 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, which is the first of its kind in Singapore, will bring together the expertise and resources of these three leading organizations to drive innovation and research in the automotive industry. This collaboration will focus on developing advanced technologies and solutions for future mobility, with a strong emphasis on sustainability and environmental friendliness.
The inauguration ceremony, held at NTU Singapore’s campus, was attended by top executives from Hyundai Motor Group, NTU Singapore and A*STAR, 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 revolutionize the automotive industry. He said, “We are thrilled to partner with NTU Singapore and A*STAR to establish the Corporate Lab. This collaboration will not only strengthen our presence in Singapore, but also enable us to tap into the country’s world-class research capabilities and talent pool.”
The Corporate Lab will focus on three key areas of research – advanced manufacturing, future mobility and sustainable energy. Under the guidance of a team of experts from Hyundai Motor Group, NTU Singapore and A*STAR, researchers and students will work together to develop cutting-edge technologies and solutions that will shape the future of the automotive industry.
One of the key objectives of the Corporate Lab is to develop advanced manufacturing processes that will enhance the efficiency and productivity of automotive production. This will involve the use of advanced materials, automation and digital technologies to streamline the manufacturing process and reduce costs.
In the area of future mobility, the Corporate Lab will focus on developing innovative solutions for electric and autonomous vehicles. With the global shift towards sustainable transportation, this research will play a crucial role in shaping the future of mobility and reducing the carbon footprint of the automotive industry.
The Corporate Lab will also work towards developing sustainable energy solutions for the automotive sector. This will involve research into alternative fuels, energy storage systems and other technologies that will reduce the environmental impact of vehicles.
NTU President, Professor Subra Suresh, highlighted the significance of this collaboration in driving Singapore’s automotive industry forward. He said, “The Corporate Lab is a testament to the strong partnership between academia and industry in Singapore. This collaboration will not only benefit the automotive sector, but also contribute to the country’s economic growth and sustainability goals.”
The Corporate Lab will also provide opportunities for students and researchers to gain hands-on experience and exposure to real-world challenges in the automotive industry. This will not only enhance their skills and knowledge, but also prepare them for future careers in this dynamic and rapidly evolving sector.
The establishment of the Corporate Lab is a clear indication of Singapore’s commitment to becoming a global hub for automotive research and development. With the combined expertise and resources of Hyundai Motor Group, NTU Singapore and A*STAR, this collaboration is set to drive innovation and shape the future of the automotive industry in Singapore and beyond.