Hyundai Motor Group and Korea Aerospace Industries, Ltd. (KAI) have signed a Memorandum of Understanding (MoU) to develop future Advanced Air Mobility (AAM) solutions. The collaboration will focus on the joint development of an AAM aircraft, based on electrified aviation powertrains.
The agreement was signed in the presence of key executives, including Jaehoon Chang, Vice Chair of Hyundai Motor Group; and Jong-chul Kim, President and CEO of KAI.
“Under the agreement, the two parties will leverage Hyundai Motor Group’s expertise in electrified aviation powertrain development and KAI’s aircraft airframe development capabilities to jointly develop and mass produce competitive future air mobility aircraft,” Hyundai said in a press release. “The collaboration extends beyond the sharing of technological and human resources to include broad cooperation across supply chains, certification processes, and global customer networks.”
Supernal, Hyundai Motor Group’s US-based AAM affiliate, and KAI will jointly develop the new aircraft. In addition, Hyundai Motor Group and KAI will collaborate on the commercialisation of electrified aviation powertrains being developed by Hyundai Motor Group’s Aviation Powertrain Sub-Division. The two companies will also work to identify new areas of cooperation across the broader aviation industry and further expand their collaboration.
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