Hankook to develop data-based services with Hyundai and Kia

Hankook Tire will work together with Hyundai Motor and Kia to develop intelligent services for consumables management based on the companies’ data and technologies.

The tyre maker recently virtually signed a MOU (Memorandum of Understanding) with Hyundai Motor and Kia on developing data-based services.

Through this partnership agreement, the companies will build a system to exchange data and technologies needed for developing a mobility solution for vehicle operation and management.

They will cooperate in not only developing the service but also improving and upgrading it as well as creating new business opportunities.

Hyundai Motor and Kia will share its open vehicle data platform and data from connected cars while Hankook will share tyre related data and tyre condition checking technologies with each other, through which companies will jointly develop a solution to precisely measure and predict tyre wear and condition.

In addition, they will futher analyse and process shared and collected data to develop a tyre management service which gives notifications such as when to replace a tyre according to the vehicle model and driver.

They are also planning to study how tyre wear and condition changes affect a vehicle’s performance, fuel efficiency and safety.

Hankook says, with Hyundai Motor and Kia, it will be able to provide a solution for overall vehicle operation and management that gives customised notifications and provides information for safe driving and will also be able to find a new business model.

Hankook adds it plans to provide high quality services to customers based on the various data gained through the strategic cooperation with Hyundai Motor and Kia, and continue making efforts to develop innovative technologies through mutual cooperation and relentless R&D.