Hyundai Elevator announced on the 29th that it held a signing ceremony for a memorandum of understanding (MOU) with HYUNDAI WIA on the 28th at the HYUNDAI WIA Research Institute in Uiwang, Gyeonggi Province, to jointly develop a robot-friendly parking solution. The strategy is to preoccupy the future robot parking market by combining robots with existing mechanical parking systems.

Hyundai Elevator will supply hardware and software using the new automatic parking solution "HIP (Hyundai Integrated Parking system)." HYUNDAI WIA will take on the role of infrastructure design, providing parking robots, control software, and the solution itself. They will also co-develop user experience (UX) and user interface (UI) to ensure the stable operation of the "robot auto valet solution."

Lee Won-hae (right), the Head of the Elevator Division at Hyundai Elevator, and Baek Ik-jin (left), the Head of the Mobility Solution Division at HYUNDAI WIA, take a commemorative photo after signing a business agreement at the Hyundai WIA Uiwang Research Institute in Gyeonggi-do on the 28th afternoon. /Courtesy of Hyundai Elevator

A representative of Hyundai Elevator said, "The average delivery time for mechanical parking has been reduced from 3 minutes to 38 seconds, and it can accommodate a large number of vehicles in traditional markets or narrow urban spaces." They added, "When parking robots are added, the robots and HIP (automatic parking solution) will automatically park and deliver, eliminating parking stress to zero."

Hyundai Elevator and HYUNDAI WIA plan to complete the standard design for parking lots integrating the software this year and begin full-scale order acquisition starting next year.

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