Hyundai Motor Group & Toray Group Strengthen Ties to Develop Advanced Materials for Future Mobility - CleanTechnica

Hyundai Motor Group and Toray Group have strengthened their strategic partnership through a newly signed Joint Development Agreement aimed at advancing materials innovation for future mobility solutions. Building on a prior cooperation agreement from April 2024, the collaboration focuses on developing high-performance composite materials, particularly carbon fiber-reinforced plastics (CFRP), to enhance vehicle safety, performance, and applicability in both high-performance vehicles and special-purpose mobility such as lunar exploration rovers and robots. The agreement formalizes joint efforts across the entire value chain—from research and development to production and commercialization—leveraging Hyundai’s vehicle-level design and performance evaluation capabilities alongside Toray’s expertise in carbon fiber intermediate materials and molded products. The partnership involves Hyundai’s Materials Research & Engineering Center conducting vehicle-level design, suitability assessments, and performance evaluations of advanced materials, while Toray’s global subsidiaries in Korea, the Netherlands, and Germany handle the development and production of carbon fiber composites. Key executives from both companies emphasized that this agreement marks a significant milestone in their