Singapore Telecommunications (Singtel) has signed a Memorandum of Understanding (MOU) with Hyundai Motor Company to collaborate on a range of ventures to support smart manufacturing and connectivity for Hyundai’s electric vehicle (EV) battery subscription service.
The MOU follows Hyundai Motor Group’s announcement in October 2020 that it is setting up a new state-of-the-art Hyundai Motor Group Innovation Centre Singapore (HMGICS) to conduct studies on future mobility and explore innovative solutions, services and disruptive technologies to revolutionise commuters’ transport experience.
Hyundai and Singtel will develop and pilot a 5G-enabled smart factory use case for HMGICS’ intelligent manufacturing platform and potentially scale it up for deployment across Hyundai’s manufacturing plants globally.
Hyundai and Singtel will also work together on an Internet of Things (IoT) communications solution for the batteries powering Hyundai’s EVs in Singapore.
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Hong Bum Jung, senior vice president of HMGICS at Hyundai Motor Company, says that the company is delighted to work with Singtel on communication solutions that will enhance mobility experiences for its customers.
“We also hope to explore future innovative solutions and business opportunities with Singtel to help realise Singapore’s Smart Nation vision,” he adds.
Andrew Lim, managing director, government and large enterprise, group enterprise at Singtel, says that the collaboration is timely given the Singapore government’s decision to phase out internal combustion engine vehicles by 2040.
“By pushing the boundaries of what is possible with 5G, IoT and other advanced technologies, we also want to build up Singapore’s smart manufacturing and Industry 4.0 capabilities and strengthen its innovation ecosystem,” he says.
As at 9.05am, shares in Singtel are up 1 cent or 0.42% higher at $2.36.
