Hyundai Expands Its Global Base for Open Innovation

By • on June 7, 2019

The Yahoo Finance website reported that Hyundai is launching  an open innovation center named M. Cube in Shenzhen, China, a mecca for Chinese start-ups. The open innovation center aims to discover and invest in global start-ups that have new, future-car technologies. M. Cube will be tasked with discovering start-ups that distinguish themselves in a variety of innovation areas, including autonomous navigation, artificial intelligence, robotics, and big data. Hyundai plans to sign partnership agreements with such companies to improve the competitiveness of the overall portfolio of its core parts. Hyundai will be setting up a system that will allow it to independently conduct various tasks from market trend research to start-up discovery and investment, as well as feasibility studies.

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