• Home
  • News
  • Stocks
  • Resource Center
  • Executive Interview
  • 5 Minutes With
  • Videos
  • Calendar
  • AASA Top 100
  • Magazine Archive
  • Advertise
  • Subscribe
  • Contact
aftermarketNews
aftermarketNews Babcox
Volkswagen Subsidiary Showcases Car That Communicates With Traffic Lights

by aftermarketNews Staff

Goodyear Begins Intelligent Tire Pilot With European Fleets

by aftermarketNews Staff

Sponsored Content
Why Trucks Are The Future Of The Aftermarket Sweet Spot

by GMB North America, Inc.

Autoliv Appoints New CFO

by aftermarketNews Staff

Daimler Mobility AG And Geely Technology Group Inaugurate ‘StarRides’ Premium Ride-Hailing Service In Hangzhou

by aftermarketNews Staff

Resilience360 Research Reveals 66% Of Global Manufacturing Customers Have Been Impacted By U.S.-China Trade War

by aftermarketNews Staff

Autopromotec Awarded ‘Best International Fair’ For 2019

by aftermarketNews Staff

Cooper Tire, Sailun Vietnam Celebrate First Tire At Joint Venture Plant

by aftermarketNews Staff

Bosch Puts 5G Machines In Pole Position

by aftermarketNews Staff

ACL Looks Back At 70 Years Of Engine Bearing Manufacture In Australia

by aftermarketNews Staff

Hyundai Motor To Establish Its First Indonesian Manufacturing Plant

by aftermarketNews Staff

Global/startups
June 11, 2019 12:00 pm

Hyundai Mobis Expands Its Global Base For Open Innovation

Share Tweet
Print Print Email Email
aftermarketNews Staff

aftermarketNews Staff,

View bio

  • Bio
  • Recent Posts
  • Popular Posts

Highest-Rated Speaker Returns To The 2020 AASA Vision Conference

ASE Introduces Updated Electronic Diesel Engine Diagnosis Specialist (L2) Test

Rein Automotive Offers Brake Vacuum Pumps Built By OEMs For Popular European Makes

Hunter Earns 300th Patent

MAPA Announces Election Of 2020 Officers And Directors

Pro-Race Performance Products Added To Motor State Product Line

NASTF To Expand Heavy Duty Capabilities

PPG Earns EcoVadis Gold Rating For Corporate Social Responsibility Progress

Motor State Distributing Honored With Export Achievement Award

AMN Five Minutes With Bryan Funke, COO, HDA Truck Pride

Hyundai Mobis has announced the launch of M. Cube in China’s Shenzhen, a mecca for Chinese start-ups. The launch is part of the company’s strategic efforts to strengthen open cooperation with other entities in preparation for a paradigm shift to future vehicles.

M. Cube is the name of Hyundai Mobis’s open innovation center that will focus on discovering and investing in global start-ups that have new, future-car technologies. M. Cube is the second open innovation center that Hyundai Mobis has launched, after unveiling the first location in Silicon Valley last November.

To better respond to Shenzhen’s rapidly changing start-up environment, Hyundai Mobis has appointed Peter Wang, who previously worked for Kuang-Chi Group, as director of M. Cube. An expert in strategic investment who has served as director of the innovation center at Shenzhen’s leading start-up Kuang-Chi Group, Wang is expected to play a key role in discovering innovative companies based on his broad network of contacts.

Shenzhen’s M. Cube will be tasked with discovering start-ups that distinguish themselves in a variety of innovation areas, including autonomous navigation, artificial intelligence, robotics and big data. Hyundai Mobis plans to sign partnership agreements with such companies to improve the competitiveness of the overall portfolio of its core parts and to achieve substantive technological advancement through thorough follow-up management.

As a means to secure promising new technologies, Hyundai Mobis will be setting up a system that will allow it to independently conduct various tasks from market trend research to start-up discovery and investment, as well as feasibility studies. Investing in promising start-ups in Shenzhen is so fierce and competitive that a call for investors usually closes within two to three weeks, according to the company. As such, the measure aims to secure opportunities for collaboration with such companies through quick decision-making.

To that end, Hyundai Mobis plans to ascertain an optimal form of collaboration by organically linking its existing Shanghai research institute and its research division in Shenzhen.

  • Tags:
  • Hyundai Mobis
  • startups
Search for:
Show Full Article
Subscribe to newsletter Subscribe to newsletter
Copyright © 2019 Babcox Media, Inc. All Rights Reserved
  • Privacy Policy
  • Home
  • News
  • Stocks
  • Resource Center
  • Executive Interview
  • 5 Minutes With
  • Videos
  • Calendar
  • AASA Top 100
  • Magazine Archive
  • Advertise
  • Subscribe
  • Contact
Subscribe to newsletter Subscribe to newsletter