In a virtual groundbreaking ceremony, Hyundai has announced it is building the Hyundai Motor Group Innovation Center in Singapore (HMGICS) which will serve as a new R&D centre and small-scale production facility with an output of up to 30,000 vehicles per year and help to forge a new supply chain in the city state.
When it is completed at the end of 2022, the HMGICS will occupy a footprint of 44,000m2 in the Jurong Innovation district and will be primarily focused on the development of new technology such as AI, ICT, big data, autonomous vehicles and urban air mobility. To help with this, local universities, start-ups and research institutes are invited to participate. The centre constitutes an investment of almost $400m. It will also have a production facility for small-scale production of EVs …
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