Adaptive Ecologies from RISD and Hyundai
The Auto Connected Car News website reported that the Hyundai and Rhode Island School of Design (RISD) launched a research collaboration exploring new relationships between advanced technologies, public environments and personal experiences. “This collaboration aligns with Hyundai’s vision of becoming a future-shaping innovator via open innovation.
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Hyundai Motor, KDB Earmark $66.6 Billion to Invest in Mobility Startups
The Korea Herald reported that Hyundai Motor Group has partnered with state-run lender Korea Development Bank to create a fund of 74.5 billion won ($66.6 million) to support open innovation of the South Korean automaker giant and its supply chain. The fund primarily targets domestic startups dedicated
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Hyundai Group Invites Entries for 2020 Start-up Accelerator Program
The Autocar Professional website reported that the Hyundai Motor Group has announced its 2020 ZER01NE Accelerator, an open innovation platform that facilitates collaboration among start-ups and the Group’s internal teams on various projects. This program, according to Hyundai, “discovers valued
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Tencent Partners with Hyundai CRADLE (Beijing) for Smart Mobility Business
The China Automotive News reported that Tencent Intelligence Mobility, Tencent’s smart transportation solution developer, has formed an innovative strategic partnership with Hyundai CRADLE (Beijing), for the collaboration on auto-related mobility services. Launched in late September, Hyundai CRADLE
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Hyundai Motor, Kia Motors and LG Chem Launch Global Competition to Invest in EV and Battery Start-ups
The Automotive World website reported that Hyundai Motor Company, Kia Motors Corporation, and LG Chem are sponsoring the “EV & Battery Challenge”, a global competition to identify EV and battery start-ups for potential investment and collaboration. The finalists will attend a two-day workshop
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Hyundai to Establish Mobility Global Innovation Center in Singapore
The Green Car Congress website reported that Hyundai will establish a Hyundai Mobility Global Innovation Center in Singapore (HMGICs) to accelerate its innovation efforts, with support from the Singapore Economic Development Board (EDB). HMGICs will become Hyundai’s global open innovation hub.
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Hyundai Expands Its Global Base for Open Innovation
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
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Hyundai Motor to Connect Vehicles
The Korea Joongang Daily website reported that to bolster open innovation, Hyundai has been setting up global open innovation centers to collaborate with foreign start-ups. Already there are three centers, established in Korea, the United States and Israel. Two more centers are set to be established,
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Hyundai to invest $21.6 Billion in New Mobility
The PulseNews website reported that when it comes to fostering startups, Hyundai Motor Group unveiled plans to establish an open innovation system that enables it to set up joint ventures and enhance partnership with universities and research institutions. The conglomerate also unveiled plans to put
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An Alliance Portfolio for Innovation in the Auto Industry
A study in the Journal of Open Innovation concluded that companies promoting innovation must preferentially adopt an open innovation strategy. In particular, companies should maintain a long-term cooperative partnership with a clear goal of technology acquisition, reduce alliance portfolio management
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