Hyundai Motor Group signed an agreement for strategic cooperation with Toray Industries, Inc., a pioneer in carbon fiber and composite material technology, to advance material innovation for a new era of mobility.

Toray Industries specializes in fibers and textiles, performance chemicals, carbon fiber composite materials, environmental engineering and life science. Toray Industries is renowned for being a global leader in carbon fiber, a material widely adopted in advanced industries such as automotive and aviation due to its light weight, high strength, and heat resistance properties.

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

—Chang Song, President and Head of Advanced Vehicle Platform Division

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