Deputy Prime Minister Lawrence Wong commends Hyundai’s commitment to innovation at the grand opening of the Hyundai Motor Group Innovation Centre in Singapore.
Singapore, 21 November 2023 – Deputy Prime Minister and Minister for Finance, Lawrence Wong, delivered a speech today at the Grand Opening Ceremony of the Hyundai Motor Group Innovation Centre Singapore (HMGICS). The ceremony, attended by notable figures including Minister of Trade Mr. Ahn Duk Geun, Executive Chair of Hyundai Motor Group Mr. Chung Euisun, and CEO of Hyundai Motor Company Mr. Chang Jae Hoon, marked a significant milestone for Hyundai’s presence in Singapore.
HMGICS is not merely a conventional car factory; it stands out as the first-of-its-kind Electric Vehicle (EV) assembly and innovation facility for Hyundai, emphasizing its status as an urban innovation centre. The centre aims to leverage advanced manufacturing, digital technologies, and innovation, showcasing a highly automated yet flexible approach to EV assembly.
Hyundai’s history in Singapore dates back to the 1980s when it engaged in land reclamation work. Over the years, the company contributed significantly to Singapore’s development through various projects, including the construction of Jurong Rock Caverns and the Downtown Line. Minister Lawrence Wong highlighted Hyundai’s latest investment as aligned with Singapore’s strengths in advanced manufacturing and digital innovation.
The grand opening ceremony witnessed the unveiling of experimental approaches to EV assembly, incorporating AI, robots, and autonomous guided vehicles. Notably, a robot dog named SPOT was introduced for quality checks, using AI to detect defects, showcasing the synergy between human and machine in creating value.
Hyundai’s decision to establish HMGICS in Singapore aligns with a paradigm shift in the global automotive industry, with a renewed focus on high-value manufacturing activities for electric mobility. The centre will collaborate with local partners, including the Singapore Business Federation and Singapore Manufacturing Federation, to explore collaborations with local businesses.
The Deputy Prime Minister emphasized Singapore’s commitment to remaining a competitive and vibrant hub for advanced manufacturing and urban mobility. He highlighted ongoing efforts, such as the Jurong Innovation District, to bring together cutting-edge technologies and skilled workers in one location.
In conclusion, Minister Lawrence Wong extended his congratulations to Hyundai Motors on the opening of the Hyundai Motor Group Innovation Centre and expressed confidence in the collaborative efforts to push the boundaries of innovation in Singapore.
Source – PMO
