According to Yonhap news agency, South Korean carmaker Hyundai Motor Group announced on April 18 that it had signed an agreement with Japanese chemical giant Toray.
The two sides have reached a strategic partnership to use carbon fiber and other innovative materials in future travel products.
Kia, Hyundai Motor Group said that under the agreement, Hyundai Motor Group and Toray plan to jointly develop carbon fiber reinforced plastics and other lightweight materials to improve the performance and safety of travel products.
The two partners aim to actively apply new materials to future travel products, and lead the innovation of the mobile travel industry by achieving differential competitiveness in the field of travel.
According to a press release from Hyundai Automotive Group, Toray specializes in fibers and textiles, high-performance chemicals, carbon fiber composites, environmental engineering and life sciences, and is known for its global leadership in the field of carbon fiber.
this material is widely used in advanced industries such as automotive and aviation because of its excellent properties such as light weight, high strength and good heat resistance.
Hyundai Motor Group pointed out that the partnership with Toray will play a key role in its future travel strategy.
In addition to electrification and software-defined vehicles (SDV), the group has been pursuing advances in material technology.
Song Chang-hyeon, president of Hyundai Automotive Advanced vehicle platform, said, “combining Hyundai’s automotive technical expertise with Toray’s material technology will gain a leading edge in the global market.
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