MoU Archives

Hyundai Motor Group and Michelin to collaborate on EV tyre innovations

The Hyundai Motor Group (HMG) aims to capture a 7% share of the electric vehicle (EV) market by 2030, by which time it expects to be selling 1.87 million vehicles annually. To achieve this goal, the Korean carmaker will invest around 19.4 trillion won (US$16.10 billion) in EV-related businesses.

Besides its own investments, it will also work with other parties in various fields of expertise and one of them is Michelin. A MoU (Memorandum of Understanding) was signed recently for collaboration on R&D for innovative tyre technologies over the next 3 years. These technologies will be used in the development of next-generation tyres optimized for premium EVs.

The MoU is the second one between the two companies, following the successful completion of their first partnership. This collaboration will lead to a new journey towards developing next-generation tyres to be equipped with the Group’s clean, smart and sustainable mobility solutions.

“This partnership with Michelin will result in real innovations in tire technology, solidifying Hyundai Motor Group’s position as a leader in the smart mobility industry,” said Bong-soo Kim, Vice-President and the Head of Chassis Development Centre at the Hyundai Motor Group. “By fully leveraging our mobility technology and Michelin’s tyre expertise, we are confident in our ability to achieve ground-breaking innovations in tire performance enhancement and create synergies in this organic collaboration.”

In the previous 5-year partnership that began in November 2017, the companies jointly developed an exclusive tyre for the IONIQ 5 EV. There were also joint experiments and analysis methods carried out which were related to tyres as well as technology exchange.

Over the next 3 years, HMG and Michelin will jointly develop the following innovations: eco-friendly tyres with increased use of eco-friendly materials; tyres optimized for next-generation EVs; and a real-time tyre monitoring system which will help advance autonomous driving technology.

*The tyres for the IONIQ 5 EV were jointly developed by Hyundai and Michelin.*

“The collaboration between Hyundai Motor Group and Michelin over the past 5 years contributed to the successful launch of the Hyundai IONIQ 5,” said Georges Levy, Executive Vice-President of Automotive Original Equipment at Michelin. “We are pleased to announce that the relationship has been extended for 3 more years to continue our work together on new technologies in favour of safer, cleaner mobility. The association between Hyundai Motor Group and Michelin is founded on the same vision and on a shared passion for excellence, performance and innovation that have become increasingly essential factors as we rise to the mobility-related challenges we all face today.”

The next-generation tyres will be installed on future premium EV models of HMG. The new tyre technology is critical to meet the durability requirements of tyres, as well as driving performance and electric efficiency under high load as the driving range of EVs continues to increase.

There will also be joint research to analyse tyre wear, tyre load and road friction beyond the current standards of tyre temperature and air pressure. The new tyres are also expected to significantly improve ride comfort by reducing vibration and noise generated by EVs at high speeds.

Additionally, there will be research into ways to increase the use of eco-friendly materials in tyres to about 50% of the total tyre weight from 20% currently.

Hyundai Sime Darby Motors launches second EV – the Hyundai IONIQ 5, priced from RM199,888

PLUS and TNB sign MoU for collaboration in developing EV charging station network

The electrification of Malaysian motoring is progressing as the government and private sector are taking more initiatives to facilitate the use of electric vehicles (EVs). This is necessary to meet Malaysia’s Low Carbon Mobility Development Plan 2021-2030 to reduce greenhouse gas up to 45% by 2030, and to qualify as a carbon-neutral country by 2050.

One of the issues that those thinking of buying EVs is recharging the battery packs of their vehicles. Depending on the model and how they drive, the range on a full charge can be between 250 and 400 kms. So long-distance driving will only be possible if they are assured of place to recharge along the way, if needed.

As the sale of EVs and plug-in hybrid vehicles (PHEVs) which also need recharging has only started in recent years, the network of charging stations has been small, mostly confined to urban areas. At the moment, there are only 500+ stations in the country (compared to 3,700 petrol stations) but efforts are being made to grow this number quickly.

One of the private-sector initiatives in this area is a collaboration between PLUS Malaysia and Tenaga Nasional Berhad (TNB). Both parties have signed a Memorandum of Understanding (MoU) to work together to reduce carbon emissions on PLUS highways through 3 sustainability initiatives – the development of the charging station network, installation of energy efficiency monitoring, and solar photovoltaic systems at selected R&Rs along the PLUS highway network.

This collaboration will see EV charging stations being set up at selected strategic R&Rs along PLUS highway. Through TNB’s role as an enabler, PLUS is the first concessionaire to embark on a network of EV charging stations along its infrastructure. The availability of charging stations is expected to attract not only new users of EVs but also transport operators, especially multinational companies planning to switch their fleets from using vehicles with internal combustion engines to electrically-powered vehicles, in an effort to reduce carbon emissions while saving on operational costs.

According to PLUS Managing Director, Datuk Azman Ismail, the company’s other green initiatives include the use of green technology at its office premises, the use of recycled pavement to re-pave roads at the R&Rs, as well as applying more environmentally-friendly materials in its highway operations.

The collaboration will also see the installation of solar panels on the roofs of the Northbound Ayer Keroh (above) and Tapah (below) R&Rs which can provided over 360 kWp (kilowatt peak) of electricity from sunshine to power operations at the two locations.

“This initiative to further increase the network of charging stations will provide EV customers the convenience for a smoother, safer and more comfortable journey on PLUS highways,” he said, adding that charging stations are expected to attract not only new users of EVs but also transport operators, especially multinational companies planning to switch their fleets from using vehicles powered with internal combustion engines to electrically-powered vehicles, in an effort to reduce carbon emissions while saving on operational costs.

“TNB will provide a reliable and stable electricity supply to the EV charging ecosystem that is agreed upon by both parties. In addition, TNB also offers solutions to PLUS that can optimize electricity costs and support green and sustainable energy sources in reducing carbon emissions,” said TNB President & CEO, Datuk Ir. Baharin Din.

First High-Performance Charging Station of Shell and Porsche Asia Pacific collaboration opens in Johor

Isuzu Motors and Volvo Group to form strategic alliance in commercial vehicle business

The Volvo Group and Isuzu Motors plan to work together as a strategic alliance within commercial vehicles in order to capture the opportunities in the ongoing transformation of the industry. In the Memorandum of Understanding (MoU) signed today between the two companies, the intention (in the first phase) is to establish a global technology partnership and to create a stronger, combined heavy-duty truck business for Isuzu Motors and UD Trucks in Japan and across international markets.

This will entail transferring ownership of the complete UD Trucks business globally from the Volvo Group to Isuzu Motors in order to accelerate growth by leveraging greater volumes and complementary capabilities. There is great complementarity between the two groups from both a geographical and product line perspective, with further opportunities to be explored over time.

Speaking on behalf of Isuzu Motors, its President & Representative Director, Masanori Katayama said: “Isuzu Motors and the Volvo Group strongly believe in the business opportunities and synergy potential between the two Groups. We intend to derive the full value from each other’s different specialties across product and geographical strongholds. Our collaboration will actively contribute to service improvements and strengthened customer satisfaction as well as to prepare ourselves for the forthcoming logistics revolution.”

The intended strategic alliance between the Volvo Group and Isuzu Motors will include forming a technology partnership which will leverage the parties’ complementary areas of expertise within both well-known and new technologies as well as to create a larger volume base to support necessary, forthcoming technology investments.

The alliance also aims to create the best long-term conditions for a stronger heavy-duty truck business for UD Trucks and Isuzu Motors in Japan and across international markets. There will be exploration of opportunities for even broader and deeper collaboration within the commercial vehicle businesses across geographical areas and product lines, such as light and medium-duty trucks.

“The Volvo Group and Isuzu Motors have a well-established relationship on medium-duty trucks in Japan based on mutual respect, shared values and win-win spirit. We see great potential to extend our cooperation within technology, sales and service as well as other areas going forward, for the benefit of our customers and business partners,” says Martin Lundstedt, President & CEO of the Volvo Group. “Our UD Trucks colleagues have done a great job to improve performance in recent years and the alliance opens up a great opportunity to continue the successful journey.”

All technology cooperation between the Volvo Group and Isuzu Motors will be managed through individual contracts. The MoU is non-binding. The next steps will be finalizing the scope of the business to be transferred, due diligence by Isuzu Motors and negotiations of binding agreements. Signing of binding agreements is expected to take place by mid-2020 and closing of the transaction is expected by the end of 2020.

Click here for other news and articles about Isuzu.

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MoU

Hyundai Motor Group and Michelin to collaborate on EV tyre innovations

PLUS and TNB sign MoU for collaboration in developing EV charging station network

Isuzu Motors and Volvo Group to form strategic alliance in commercial vehicle business

Hyundai Motor Group and Michelin to collaborate on EV tyre innovations

PLUS and TNB sign MoU for collaboration in developing EV charging station network

Isuzu Motors and Volvo Group to form strategic alliance in commercial vehicle business

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