"Socar and Hyundai Motor Sign MOU to Exchange Operation Data"

[Asia Economy Reporter Bu Aeri] Socar announced on the 30th that it has signed a Memorandum of Understanding (MOU) with Hyundai Motor Group for 'future mobility business cooperation,' including data exchange.

Starting with this agreement, Socar and Hyundai Motor Group plan to establish a mutual data exchange system for various data generated through vehicle operation and mobility services, aiming to improve and advance services and create new business opportunities.

The two companies will conduct a pilot project within the year to build vehicle data and device-based mobility services. Some vehicles operated by Socar will be equipped with the communication device 'Motion Smart Solution' supplied by 'Motion,' Hyundai Motor Group's integrated mobility solution company, to exchange data mutually.

Through the installation of the new device, Socar will obtain additional vehicle information such as airbags and tire air pressure, in addition to the driving data previously acquired and operated from the vehicles. Socar plans to actively utilize the newly acquired vehicle information to enhance user safety and improve service operation efficiency.

Hyundai Motor Group intends to use the data collected from Socar vehicles, including vehicle operation information and driving habits, to create new customer value.

Won Jongpil, Chief Technology Officer (CTO) of Socar, said, "This collaboration is meaningful in promoting the growth of the future mobility industry by sharing data between a platform based on shared services and a global automaker." He added, "Going forward, Socar will actively utilize data capabilities based on user touchpoints to create better user benefits."

This content was produced with the assistance of AI translation services.