South Korean giants Samsung and Hyundai have a long history of working together on various projects from EV batteries to smart home controls. The two companies are now expanding their relationship to take on challenges in the energy, robotics, physical AI, and future mobility industries, characterising the alliance as a “one team” effort.
Samsung Electronics hosted an event for Hyundai Motor Group executives, called 'HMG Appreciation Day', at its Seocheon Training Centre on Monday. The two companies pledged to work together in harmony. The event also marked three generations of friendship between the two conglomerates, starting in November 1985 with Samsung founder Lee Byung-chul and Hyundai Motor Group founder Chung Ju-yung.
Hyundai Motor Group Vice Chairman Jang Jae-hoon, President of Planning and Coordination Suh Kang-hyun, and Hyundai Motor & Kia R&D Headquarters President Manfred Harrer attended the event along with top-level executives from the group’s manufacturing division, Hyundai Glovis logistics operation, and Hyundai Steel.
Samsung Electronics Vice Chairman Jeon Young-hyun hosted the event along with the Presidents of its Device eXperience, Device Solutions, Semiconductor, Foundry Business, Display, Electro-Mechanics as well as subsidiary Harman.
With the increasing importance of software-defined vehicles, digital ecosystems, wireless connectivity, semiconductors, and digital security in the automotive space, there is ample scope for the two conglomerates to work together. Solidifying the multiple individual business relationships between various business units at each company, the two introduced their overall “one team” strategic partnership.
According to a press release, Samsung demonstrated its automotive semiconductor technology as well as energy solutions such as all-solid-state batteries, battery cells, and battery pack modules, camera modules, and various components used in automotive applications. Next-generation displays and automotive control units as well as telecommunications control units for SDVs were also shown to the visiting delegation from Hyundai.
At the event, Samsung Electronics Vice Chairman Jeon Young-hyun said “Hyundai Motor Group and Samsung are reliable partners who have written the history of Korean industry together”. He added, “I look forward to opening up new value and infinite possibilities together as Hyundai Motor Group’s innovative vision, which leads future mobility, meets Samsung Group’s technological prowess, encompassing everything from components to finished products.”
Hyundai Motor Group Vice Chairman Jang Jae-hoon said “Samsung and Hyundai Motor Group are expanding the possibilities of cooperation beyond automotive parts sectors such as electronics, audio, and batteries to future industries such as robotics and energy.” He also said “As greater synergy can be created when the respective strengths of both groups, built over three generations since their founding, come together, I look forward to respecting each other’s strengths and joining forces to face future challenges together.”
