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(Seoul, Korea) has signed an agreement for strategic cooperation with Toray Industries Inc. (Tokyo, Japan) to secure capabilities to develop lightweight and high-strength materials for environmentally friendly and high-performance vehicles.

The joint R&D includes carbon fiber-reinforced polymer (CFRP) parts that are expected to improve the performance of electric vehicle (EV) batteries and motors. The cooperation will lean on Toray’s specialization in fibers and textiles, performance chemicals, carbon fiber composites, environmental engineering and life science. 

“Hyundai Motor Group aims to leverage this strategic partnership to strengthen its position as a global leader in mobility solutions,” says Hyundai President Chang Song. “By combining our automotive expertise with Toray Group’s material technology prowess, we aim to gain a competitive edge in the global market.”

The partnership with Toray Group plays a key role in Hyundai Motor Group’s future mobility strategy, as it is adopting a comprehensive approach by pursuing fundamental advancements in material technology, in addition to electrification and software-defined vehicles (SDVs).