CNH and HD Hyundai have announced a new development in their longstanding collaboration.
Stefano Pampalone, president construction at CNH, and Young-Cheul Cho, president and CEO of HD Hyundai XiteSolution (HDX), the controlling company of HD Hyundai Construction Equipment and HD Hyundai Infracore, signed a memorandum of understanding (MOU) to establish a joint research center in the U.S.
This strategic collaboration aims to expand upon their existing capabilities to accelerate the development and investment in innovative technologies for customers in the construction industry.
The CE Innovation Lab will be dedicated to exploring innovation opportunities in the construction sector. The team, comprised of both CNH and HDX construction specialists, will study emerging technology trends, map new and evolving customer needs and identify prospects for portfolio enhancements and further growth. Their work together will advance the development and widespread adoption of new technologies, such as automation and artificial intelligence.
Further, the parties will mutually benefit from each other’s distinctive technological capabilities. HDX will supply CNH with their patented Advanced Around View Monitoring Plus (AAVM+) 360-degree camera and radar system delivering enhanced safety. CNH will supply HDX with Global Navigation Satellite System technologies through its Hemisphere brand.
In the future, CNH and HDX anticipate expanding their collaboration within the research center to encompass the co-development of new technologies and co-investment in innovative start-ups via their CNH Ventures and HD Hyundai investment arms.
