- Hyundai and Toray signed a Strategic Joint Development Agreement on October 24, 2025.
- The collaboration focuses on high-performance composites like carbon fiber-reinforced plastic.
- Hyundai will handle vehicle-level design and performance evaluation.
- Toray will develop intermediate materials and molded products using carbon fiber technology.
Strategic Partnership
On October 24, 2025, Hyundai Motor Group and Toray Industries, Inc. signed a Strategic Joint Development Agreement to advance materials and components for future mobility. This collaboration aims to set new standards in high-performance vehicles and special-purpose mobility.
Roles and Responsibilities
Hyundai will focus on vehicle-level design, performance evaluation, and suitability assessments of advanced materials and components. Toray will develop intermediate materials and molded products, leveraging its carbon fiber technologies.
Comprehensive Collaboration
The partnership covers the entire value chain, from R&D to production and commercialization, in the field of high-performance composites. The agreement builds on a strategic cooperation initiated in April 2024, focusing on carbon fiber-reinforced plastic (CFRP) to enhance safety and performance in mobility.
Global Involvement
Toray's global subsidiaries, including Toray Advanced Materials Korea, Toray Advanced Composites in the Netherlands, and Euro Advanced Carbon Fiber Composites in Germany, will be involved in the development and production of carbon fiber composites.
