SEOUL, South Korea – May 6, 2024 - STRADVISION, a leader in the automotive technology sector, proudly welcomes SUNG WOO SHIN from Hyundai Motor Company to its esteemed board of directors.
With over two decades of invaluable experience in the Automotive industry, SUNG has been at the forefront of innovation. Currently serving as Vice President overseeing Hyundai's Corporate Venture Capital (CVC) investments, which encompass hundreds of direct investments and 17 funds, SUNG has played a pivotal role in driving Hyundai Motor Group's corporate venturing-based innovation initiatives. He holds a Bachelor of Science in Industrial Engineering from Purdue University and an MBA from China Europe International Business School (CEIBS).
Junhwan Kim, CEO of STRADVISION, expressed his anticipation, stating, "We are privileged to welcome Mr. SUNG WOO SHIN to our STRADVISION board, and we eagerly anticipate his collaboration, leadership, and expertise. Together, we are poised to pursue ambitious goals in leading the autonomous driving market. Mr. Sung's wealth of knowledge and experience gained from a leading automobile company will undoubtedly enrich our business endeavors."
STRADVISION has witnessed significant growth over the past year, culminating in a milestone achievement of exceeding an annual commercial production of 1 million units in 2023. The company's SVNet has evolved with the introduction of the '3D Perception Network,' marking a revolutionary leap in autonomous systems. This innovative paradigm elevates the role of cameras in ADAS and Autonomous Driving, harnessing the power of LiDAR sensors during development while transitioning into a robust and cost-effective alternative. STRADVISION's strategic move to bypass in-vehicle LiDAR, focusing instead on camera-based ADAS and autonomous driving technologies, reflects its commitment to innovation, cost efficiency, and market leadership. This approach not only reduces the overall implementation costs of ADAS/AD technology in vehicles but also augments the scalability and adoption of autonomous driving features across the automotive industry.
For more information on STRADVISION and its cutting-edge technologies, please visit STRADVISION.
