SEOUL, October 27 (AJP) - Hyundai Motor Group said Monday it has signed an agreement with Japan’s Toray Group to collaborate on the development of advanced materials for next-generation mobility, from high-performance vehicles to lunar rovers and humanoid robots.
The agreement was formalized at Hyundai’s headquarters in Seoul, with Kim Heung-soo, Hyundai’s head of global strategy, and Terada Miki, Toray’s senior executive vice president, in attendance.
The partnership expands on the two companies’ existing collaboration, launched in April, to develop high-performance composite materials such as carbon fiber reinforced plastics — key to improving vehicle performance, safety, and efficiency.
Under the new deal, Hyundai will oversee design and performance evaluation through its research and development center, while Toray will lead the development of next-generation carbon fiber composites. Together, the companies aim to accelerate innovation and open new market opportunities in future mobility technologies.
“This agreement marks a significant milestone in our partnership, combining our strengths to innovate from research to commercialization,” Kim said in a statement. Toray’s Terada added that the company intends to enhance global competitiveness by creating innovative composite solutions with Hyundai.
Hyundai officials said the collaboration underscores Hyundai’s broader push to expand beyond traditional carmaking and position itself as a leader in advanced mobility technologies — a strategy that now reaches from electric vehicles to aerospace and robotics.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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