Overview
- The strategic joint development agreement was signed Oct. 24 at Hyundai’s Yangjae headquarters in Seoul and announced Oct. 27.
- Collaboration covers the full value chain from research and development to production and commercialization of advanced composite materials.
- Hyundai will handle vehicle‑level design, performance evaluations and suitability assessments through its Basic Materials Research Center.
- Toray will develop carbon‑fiber‑based intermediate materials and molded products via Toray Advanced Materials Korea, Toray Advanced Composites and Euro Advanced Carbon Fiber Composites.
- Planned applications include high‑performance vehicles, lunar exploration rovers and humanoid robots, with both sides citing improved market responsiveness and global competitiveness.