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Hyundai, Kia to help suppliers in parts development

All News 11:33 June 14, 2017

SEOUL, June 14 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Motors Corp. said Wednesday they will help their parts suppliers in research and development activities for win-win outcomes.

On Tuesday, the two carmakers met with 138 key component suppliers to strengthen their partnership for mutual growth, Hyundai Motor said in a statement.

Hyundai and Kia have held the "Tech Day" event every year since 2006 to help their subcontractors improve their R&D capabilities and have them provide the "quality" components for their next-generation vehicles, it said.

The next-generation vehicles include connected cars, autonomous cars and environment friendly cars, which all require high-end technologies.

Early this year, the carmakers began to temporarily send the "residence engineer" to their suppliers to deliver consulting services and implement quality control on parts, the statement said.

kyongae.choi@yna.co.kr
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