Hyundai AutoEver Launches HMG AI Factory GPUaaS Venture

Shareholders and business model

The venture is part of Hyundai Motor Group's AI data center push. Besides Hyundai AutoEver, Hyundai Motor, Kia, Hyundai Mobis and Hyundai Engineering & Construction (Hyundai E&C) are set to invest. The company will build an AI data center in the Saemangeum area and operate GPU-based compute infrastructure there, using other sites until the facility is finished.

Its main offerings are GPUaaS and cloud computing, which let companies and institutions use compute resources without buying expensive GPU hardware themselves.

Hyundai AutoEver plans to contribute 114.608 billion won in cash in six installments between 2026 and 2031, equal to 6.1% of its 2025 consolidated equity. If completed as planned, it would hold 1,146,080 shares, a 26% stake, with a final acquisition date of December 31, 2031. The schedule, share count and stake could change, and the company intends to treat HMG AI Factory as an affiliate after investing.

Part of a larger Saemangeum plan

The data center belongs to Hyundai Motor Group's roughly 9 trillion won Saemangeum AI Valley investment, which also envisions a robot manufacturing cluster, solar power and clean hydrogen production. The group aims to break ground in March 2027 and begin formal service in early 2030, securing large-scale compute for autonomous driving, robotics and manufacturing AI.

Shin Seung-kyu, vice president of the group's RH PMO, said the group plans to build the data center first at Saemangeum to internalize and advance autonomous driving and physical AI technologies through large-scale data accumulation and training.