SINGAPORE: A S$400 million Hyundai innovation centre in Singapore focusing on future mobility research and development is set to be completed by the end of 2022.
Located in the Jurong Innovation District, the centre will also be able to pilot new manufacturing models to meet the demand for mass personalisation of cars through small-scale factories in urban areas.“Singapore has also been developing our plans for autonomous and electric vehicle research and development,” said Mr Lee. “I am glad that Hyundai has invested in a joint venture, Motional, which conducts R&D and our autonomous vehicle trials here.
Prime Minister Lee Hsien Loong with Mr Chung Euisun, executive vice chairman of Hyundai Motor Group. Chairman of the Singapore Economic Development Board Dr Beh Swan Gin said that the new centre will introduce"important new capabilities in areas such as electric vehicles and urban air mobility" and will"create new opportunities for Singaporeans".