Motorists will soon be able to customise electric cars, make an order online and watch them being built at the Hyundai Motor Group Innovation Centre in Singapore by the end of 2022.
Currently constructed at the Jurong Innovation District, the 28,000 square metre centre will operate as an open innovation lab for Hyundai’s research and development in mobility concepts. It will also include a landing pad for passenger drones, which Hyundai is developing, along with renewable energy sources such as solar and hydrogen.
(Related Story: Hyundai To Manufacture Electric Cars In Singapore)
Upon completion of the smart plant, Hyundai will have a small-scale assembly line for electric cars that is projected to produce 30,000 vehicles annually. The plant may start producing Hyundai’s Ioniq 5 model, a mid-sized EV crossover based on the concept 45 that is slated for launch in South Korea sometime next year. In addition to that, they will also be producing their Ioniq 3 compact crossover.
Production of the Ioniq 5 is slated to begin at the end of 2022, and the Ioniq 3 is expected to go into production in 2025. The cars produced in Singapore’s smart factory will be sold locally, with export plans expected to come into effect in due time.
The virtual groundbreaking ceremony, held on Tuesday Morning (13th October), was officiated by PM Lee Hsien Loong, with South Korean Trade, Industry and Energy Minister Sung Yun-Mo and Hyundai Motor Group Executive Vice-Chairman Euisun Chung in attendance.
Speaking about the investment by the South Korean car manufacturer, Mr Lee said: “I am happy that Hyundai has chosen Singapore to locate your newest facility. It is an investment of almost $400 million, and may produce up to 30,000 vehicles per year by 2025, five years from now.”
Hyundai is also partnering with Nanyang Technological University (NTU) to facilitate the “Smart Customising” process that allows customers to tailor their cars to their liking.
The smart factory will also feature a 620m Sky Track built atop the seven-storey facility, where customers can test drive their vehicles once their cars are ready for delivery. Hyundai said it will incorporate Artificial Intelligence (AI), Internet of Things (IoT) and robotics technology into their manufacturing and logistics systems.
Hyundai also offers a Battery-as-a-service trial, where customers can purchase an electric vehicle and lease the battery cells instead of paying for the full price for an EV, reducing the cost of buying a vehicle dramatically.
The completion of the Hyundai smart factory will bring car manufacturing back to our shores after an almost four-decade-long hiatus.