The SMF congratulates SMF member Hyundai Motor Group Innovation Center Singapore (HMGICS) for its successful grand opening! Themed, "From Root to Route", this marks a significant milestone not only for Hyundai but also for the revitalisation of electric vehicle manufacturing in Singapore. The event, officiated by Deputy Prime Minister Mr Lawrence Wong and Mr Ahn Deukgeun, Minister for Trade, Ministry of Trade, Industry and Energy, Republic of Korea, signifies the beginning of a new era in the automotive industry.
The SMF was thrilled to have been part of this journey since July 2023, when we had the honour of hosting Mr Jung Hong Bum Joseph, CEO of HMGICS (https://lnkd.in/g7JbsXAB).
Yesterday's (21 November 2023) MOU signing with HMGICS, where SMF President Mr Lennon Tan was one of the witnesses and represented by Mr Dennis Mark 麥榮良, SMF CEO, further cements SMF's commitment to fostering collaborations and building synergies between Singapore companies and HMGICS. Together with the Singapore Business Federation (SBF), represented by Mr Kok Ping Soon, SBF CEO, the SMF looks forward to working closely with HMGICS in the automotive manufacturing and advanced mobility industry.
With the commencement of the all-electric IONIQ 5 robotaxi production, Singapore is setting the stage for groundbreaking innovations and sustainable solutions in the automotive sector. This MOU plays a pivotal role in empowering more Singapore companies to become integral parts of the HMGICS electric vehicle (EV) network while also capitalising on the rapidly expanding ASEAN EV market, which is expected to reach a value of US$3.5 billion by 2028.
Congratulations again to HMGICS on its successful grand opening, and here's to many more innovations made in Singapore! 🎉🚗🔋🤝
Click here to see more photos on our LinkedIn post!