Hyundai Motor, Singtel collaborate on 5G-enabled smart manufacturing
They will combine their expertise to develop Industry 4.0 advanced digital solutions.
Hyundai Motor and Singtel have signed a memorandum of understanding (MOU) to collaborate on a range of ventures to support 5G-enabled smart manufacturing and connectivity for electric vehicle (EV) battery subscription service, according to a joint statement.
Under the MOU, Hyundai Motor will combine its expertise in developing automotive and manufacturing solutions with Singtel’s capabilities in 5G, Internet of Things (IoT), and info-communications technologies and solutions to develop Industry 4.0 advanced digital solutions.
They will develop a 5G-enabled smart factory use case for Hyundai Motor Group Innovation Centre Singapore’s (HMGICS) intelligent manufacturing platform.
“We also hope to explore future innovative solutions and business opportunities with Singtel to help realise Singapore’s Smart Nation vision,” HMGICS senior vice president Hong Bum Jung said.
The parties will also work together on an IoT communications solution for the batteries powering Hyundai’s EVs in Singapore to monitor the automatic data transmission of the batteries’ real-time status and performance.
“Our collaboration with Hyundai Motor is timely given the Singapore government’s decision to phase out internal combustion engine vehicles by 2040 and the recent Budget announcement on new policies to encourage more Singaporeans to switch to driving EVs,” said Andrew Lim, Singtel Managing Director, Government and Large Enterprise, Group Enterprise.