Hyundai and Toray team up for material innovation

South Korea’s Hyundai Motor Group has signed a strategic cooperation agreement with Toray Industries Inc to advance material innovation for a new era of mobility.

The partnership aims to secure capabilities to develop lightweight and high-strength materials for environmentally friendly and high-performance vehicles.

Joint R&D areas include carbon fiber-reinforced polymer (CFRP) parts that are expected to improve the performance of EV batteries and motors.

Through the partnership, Hyundai expects to support its long-term electrification strategy, enhance customer experiences and ensure vehicle safety.

“Toray Industries has developed innovative technology and materials focusing on electrification and sustainability to address the needs of customers in the constantly evolving automotive industry,” said Toray president Mitsuo Ohya. “We are happy to partner with Hyundai Motor Group to continue this innovation.”

“Hyundai Motor Group aims to leverage this strategic partnership to strengthen its position as a global leader in mobility solutions,” said Chang Song, president and head of Hyundai Motor Group’s Advanced Vehicle Platform Division. “By combining our automotive expertise with Toray Group’s material technology prowess, we aim to become the first mover and gain a competitive edge in the global market.”