Construction begins with virtual groundbreaking ceremony attended by Singapore Prime Minister Lee Hsien Loong, South Korea’s Industry Minister Sung Yun-mo, and Hyundai Motor Group Executive Vice Chairman Euisun Chung
HMGICS to serve as an innovation center for future mobility studies
Construction due to be completed by the end of 2022
Center to lead paradigm shift in mobility value chain, spanning the entire lifecycle of vehicles
Small-scale manufacturing capabilities focused on EVs to test a customer-centered manufacturing platform
HMGICS to explore new business concepts, including battery-as-a-service
SEOUL, South Korea and SINGAPORE, Oct. 13, 2020 /PRNewswire/ — Hyundai Motor Group (the Group) celebrated the groundbreaking announcement of the Hyundai Motor Group Innovation Center in Singapore (HMGICS) with a virtual ceremony today. The center will act as an open innovation lab for the Group’s future mobility research and development, with the aim of revolutionizing the future mobility value chain.
SINGAPORE (Reuters) – South Korea’s Hyundai Motor Co started construction on a research and development centre in Singapore on Tuesday that will house a small-scale electric vehicle production facility.
Speaking at the groundbreaking ceremony, Singapore Prime Minister Lee Hsien Loong said the facility may produce up to 30,000 electric vehicles (EVs) annually by 2025 and represents an investment of S$400 million ($295 million).
Singapore is one of the world’s most expensive places to buy a car and does not currently have any auto manufacturing capacity. But the wealthy city-state has set out ambitious plans to phase out petrol vehicles by 2040.
“Automotive activities are becoming viable in Singapore once again. EVs have a different supply chain, fewer mechanical parts and more electronics, which plays to Singapore’s strengths,” PM Lee said.
A Hyundai spokeswoman confirmed the 30,000 unit target but said that the exact capacity was yet to be determined. The
A top executive at a Singapore firm seeking to buy Newcastle United has quit after police launched a probe into his activities, the company said Wednesday, the latest turmoil for the bid.
Bellagraph Nova Group, founded by two Singaporean entrepreneurs and a Chinese business partner, announced in August it was in “advanced talks” to buy the English Premier League team.
But the bid became mired in controversy over allegations that photos had been doctored to show the trio meeting with former US president Barack Obama, and other inconsistent claims.
Police then began investigating a company linked to Singaporean co-founders Terence and Nelson Loh, after an accounting firm lodged a report over unauthorised signatures on the group’s financial statements.
BN Group said in a statement that Terence Loh has now quit the firm to try and resolve the issues related to the police probe into Novena Global Healthcare.
Facebook has inked a deal with Sunseap Group to tap solar energy that will power its data centre and operations in Singapore. Generated from solar panels to be placed atop 1,200 apartment blocks and 49 government buildings across the island, the power is estimated to reach 100 MegaWatt-peak (MWp) in capacity when fully completed in 2022.
Solar technology is one of the top picks for renewable energy sources in the future.
The agreement with local solar energy company Sunseap was touted to be the largest signed under a virtual power purchase agreement, according to a statement released Monday by Sunseap. Such agreements refer to contracts that outline a pre-agreed price at which the buyer will purchase a project’s renewable energy. This energy can be generated from a renewable energy project located away from a company’s premises, but co-located on the same grid.
Can Blockchain be the answer to healthcare related data management issues? Image: Cointelegraph
Singapore has developed a blockchain-powered application touted to better manage and secure medical records. Enabling healthcare data to be stored in a digital wallet, the software has been used in a pilot in which COVID-19 discharge memos have been verified more than 1.5 million times.
Government-owned investment firm SGInnovate and local startup Accredify jointly developed the “digital health passport” to support the management of medical records. Work on the application had begun in May during the height of the global pandemic, when SGInnovate roped in Accredify on the project. The Singapore startup specialises in document lifecycle management products, including document management and verification.
Funded by the Ministry of Finance, SGInnovate focuses its investment on deep tech startups that work on emerging technologies such as artificial intelligence, quantum technology, and medical technology.
This roundup of findings shows public views about science-related issues and the role of science in Singaporean society. The findings come from a Pew Research Center survey conducted across 20 publics in Europe, the Asia-Pacific, Russia, the U.S., Canada and Brazil from October 2019 to March 2020.
Ratings of medical treatments, scientific achievements and STEM education in Singapore
Majorities in most of the 20 publics surveyed saw their medical treatments in a favorable light on the eve of the global pandemic. Medical treatments were often seen more favorably than achievements in other areas.
Across the 20 publics, a median of 59% say their medical treatments are at least above average. In Singapore, views are especially positive: 74% think their medical treatments are the best in the world or above average. Only 2% of Singaporeans think their medical treatments are below average.
Singapore has called on global organisations such as the United Nations (UN) and World Trade Organisation (WTO) to reform, so international rules are in line with cybersecurity and other key digital developments. The Asian nation also underscores the need for unified cooperation against COVID-19, which it notes has accelerated “self-defeating” sentiments worldwide including protectionism and xenophobia.
Continued international cooperation was key to overcoming the impact of the pandemic as well as to rebuilding, and nations needed to build greater trust and learn from each other, said Singapore’s Minister for Foreign Affairs Vivian Balakrishnan, in the country’s national statement at the UN General Assembly’s General Debate of