Cookie Consent by Free Privacy Policy website Hyundai CRADLE Beijing Opens, Completing Hyundai Motor Group’s Global Innovation Network
september 24, 2019 - Hyundai

Hyundai CRADLE Beijing Opens, Completing Hyundai Motor Group’s Global Innovation Network

  • CRADLE Beijing joins #Seoul, Berlin, Tel Aviv, and Silicon Valley to complete #Hyundai Motor Group’s innovation network
  • Fostering ‘disruptive innovation’ with Chinese leading ICT companies, start-ups, government institutions, universities, and other strategic partners is core to new CRADLE office

Hyundai Motor Group has completed its creation of a global innovation network with the establishment of #Hyundai #cradlebeijing. With sites in #Seoul, Berlin, Tel Aviv, and Silicon Valley, the China office is the fifth center in the network, which exists to explore and utilize various innovation opportunities and #business models in China to contribute the growth of HMG’s new #business.

As the group’s open innovation and #corporate venturing #business, #Hyundai CRADLE invests extensively in promising global startups and creating partnerships that boost the development of prospective services, systems, and complementary research opportunities.

CRADLE Beijing will construct interactive #business and investment collaborations with leading ICT companies, start-ups, government institutions, key universities, investment institutions and other strategic partners in China, while contributing to global efforts to foster ‘disruptive innovation’.

“As the world moves from an information technology era to one focused on data technology, #cradlebeijing will setup an open innovation interactive platform in China, fully interact with local innovation networks,” said Peter Yang, Head of #Hyundai #cradlebeijing. “CRADLE Beijing will be a harbor for sharing innovation solutions that originated in China around the world.”

China is the world’s largest #automotive market and has one of the largest start-up culture globally, making it the ideal location for #Hyundai Motor Group’s fifth CRADLE office. Beijing’s innovation credentials are strong as it hosts China’s youth entrepreneurship district, named ‘Zhongguancun’ and a high concentration of investment institutions. Beijing is also the birthplace of innovation policy.

“To foster #Hyundai Motor Group’s transformation from a vehicle-centric manufacturer to a lifetime provider of mobility solutions for our customers, we must identify and incentivize ideas that extended beyond our traditional patterns of #business and break into new territory in vehicle design and lifestyle-centric offerings,” said John Suh, Head of #Hyundai CRADLE Silicon Valley. “Our global CRADLE network will foster the development of new technologies that enable improvements of how people move, lowering of environment impact, and the increase in productivity and happiness for all.”

Hyundai Motor Group has a track record for future technology partnerships in China. In 2018, it co-published plans for a hydrogen energy fund with Tsinghua University, while in March this year it invested in Deep GLINT, a promising Chinese AI startup.