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Singtel, Hyundai Motor Sign MOU to Collaborate on Various Ventures

   By Ronnie Harui 
 

Singapore Telecommunications Ltd. and Hyundai Motor Co. have signed a memorandum of understanding (MOU) to collaborate on various ventures to support smart manufacturing and connectivity for a electric-vehicle battery subscription service.

Hyundai Motor will combine its expertise in developing automotive and manufacturing solutions with Singtel's capabilities in 5G, Internet of Things, and next-generation infocommunications technologies and solutions to develop advanced digital solutions to transform the way vehicles are currently manufactured, the two companies said in a joint statement on Tuesday.

The MOU comes after Hyundai Motor's announcement in October 2020 that it's establishing a new state-of-the-art Hyundai Motor Group Innovation Centre in Singapore to carry out studies on future mobility and explore innovative solutions, services and disruptive technologies, they said.

 

Write to Ronnie Harui at ronnie.harui@wsj.com

 

(END) Dow Jones Newswires

March 22, 2021 21:13 ET (01:13 GMT)

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