Hyundai Motor and Unity Partner to Build Meta-Factory Accelerating Intelligent Manufacturing Innovation

Rhea-AI Summary

Hyundai Motor Company and Unity announced a partnership at CES 2022 to develop a Meta-Factory, a metaverse-based digital twin factory aimed at optimizing operations and facilitating virtual problem-solving. This strategic collaboration supports Hyundai's vision of being a leader in smart mobility solutions, focusing on areas like smart manufacturing and autonomous driving simulation. The initial implementation will occur at Hyundai's Global Innovation Center in Singapore, expected to be a pioneering facility for the Meta-Factory concept, with completion anticipated by the end of 2022.

Positive

• Partnership with Unity aligns with Hyundai's vision for smart mobility solutions.
• Development of a Meta-Factory to enhance operational efficiencies.
• Initial application of Meta-Factory at HMGICS supports R&D initiatives.

Negative

• None.

• Partnership to support Hyundai's vision of becoming a smart mobility solutions provider for an entirely new digital ecosystem
• Metaverse-based digital-twin factory to optimize plant operation and allow virtual problem solving
• HMGICS innovation hub, which will be completed at the end of 2022, to be the first facility to implement Hyundai's Meta-Factory concept

LAS VEGAS and SEOUL, South Korea, Jan. 6, 2022 /PRNewswire/ -- Hyundai Motor Company, the global mobility innovator, and Unity (NYSE: U), the world's leading platform for creating and operating real-time 3D (RT3D) content, today announced at CES 2022 a partnership to jointly design and build a new metaverse roadmap and platform for Meta-Factory.

The companies held a virtual MOU signing ceremony with Youngcho Chi, President and Chief Innovation Officer of Hyundai Motor Group, Hong Bum Jung, Senior Vice President and CEO of Hyundai Motor Global Innovation Center in Singapore (HMGICS), Jules Shumaker, Senior Vice President, Revenue, Create Solutions, Unity and Dave Rhodes, Senior Vice President of Digital Twin, Unity, participating.

Through this MOU, Unity becomes a strategic partner to Hyundai, supporting its vision of becoming the leader in future mobility solutions. The MOU pertains to the fields of smart manufacturing, AI training and study as well as autonomous driving simulation.

The partnership will realize Hyundai's vision of becoming the first mobility innovator to build a Meta-Factory concept, a digital-twin of an actual factory, supported by a metaverse platform. The Meta-Factory will allow Hyundai to test-run a factory virtually in order to calculate the optimized plant operation, and enable plant managers to solve problems without having to physically visit the plant.

Hyundai plans to first apply the Meta-Factory concept to the HMGICS facility, supporting the Group's initiative to create an open innovation hub for research and development.

"HMGICS will become a manufacturing innovation "game changer" through this world class Meta-Factory collaboration", said President Chi, "And HMGICS will lead the future innovation by introducing various technologies that will transform mobility paradigm through human-centered value chain innovation."

"Real-time digital twins will permanently change how we live, work, shop and make a positive impact on our planet, representing a significant component of what is often referred to as the metaverse," said John Riccitiello, Chief Executive Officer (CEO), Unity. "Hyundai's vision for the future, including the digital twin of factory operations, represents a significant technological step forward in manufacturing with unlimited potential in its efficiency."

For more information about Hyundai and Unitiy's partnership, please visit: globalpr.hyundai.com

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SOURCE Hyundai Motor Company

FAQ

What is the partnership between Hyundai and Unity about?

The partnership focuses on developing a Meta-Factory, a metaverse-based digital twin factory aimed at optimizing manufacturing operations.

What is the expected completion date for the HMGICS facility?

The HMGICS facility is expected to be completed by the end of 2022.

How will the Meta-Factory enhance Hyundai's manufacturing?

The Meta-Factory will allow for virtual testing and problem-solving, optimizing plant operations without physical visits.

What are the main areas of focus in the Hyundai-Unity partnership?

The main areas include smart manufacturing, AI training, and autonomous driving simulation.

Where will the Meta-Factory concept be initially implemented?

The Meta-Factory concept will first be implemented at Hyundai's Global Innovation Center in Singapore.