On September 26, according to the announcement from Hyundai Motor Group's Innovation Center, BIBO was successfully shortlisted for the "Pharos" Open Innovation Program, collaborating with Hyundai Motor to explore innovation and more partnership opportunities.

Image Source: Hyundai Motor Group Innovation Center WeChat Official Account

Since the recruitment launch in June 2024, Hyundai Motor Group has selected 20 startups from numerous applicants for the "Pharos" Open Innovation Program. BIBO is the only company in the intelligent chassis technology field to be selected and has already engaged in in-depth exchanges and collaboration with Hyundai Motor Group. BIBO expresses gratitude for Hyundai Motor Group's continuous attention and recognition, looking forward to establishing more partnerships with the Innovation Center to "co-create, share, and achieve mutual success."

Hyundai Motor Group's "Pharos" Open Innovation Program

Hyundai Motor Group's "Pharos" Open Innovation Program (HMG Open Innovation Program "Pharos" III) is jointly organized by Hyundai Motor Group Innovation Center (Beijing), Hyundai Motor Group China Advanced Technology R&D Center, and Shanghai Pudong Software Park Venture Capital Management Co., Ltd. It aims to help Hyundai Motor Group collaborate with China's most outstanding entrepreneurs to develop more innovative products, services, and solutions that meet customer needs, while creating greater value for society and accelerating Hyundai Motor Group's transformation into a "smart mobility solutions provider."