Hyundai Mobis will work with US software company Wind River to develop a digital twin system called M.Dev Studio to optimize the future working conditions of crafting auto parts, the South Korean auto parts maker said Monday.

M.Dev Studio is expected to offer a virtual space for not only Hyundai Mobis, but also its partners and various research teams to carry out joint projects through simultaneous simulation and remote monitoring as they work on developing core auto technologies and products together.

Hyundai Mobis plans to set up the virtual system in 2024 and utilize it for designing auto parts, verifying their functions and assessing them.

According to Hyundai Mobis, the envisioned virtual studio will shorten development time and cut costs, as it will allow more developers to access its online-based environment and work on different projects at the same time.

For instance, if there is an ongoing project of developing an autonomous driving system, developers can access the system from anywhere and at any time to run different scenarios to check the system, while others can test different features of the project.

The M.Dev Studio is also expected to bolster the completeness of future mobility parts and enhance the reliability of the verification and evaluation processes.

The company said such a digital-based system is deeply related to the changing environments of the recent vehicle development landscape. It explained that a new system is required due to advancements in vehicle electronics and the increased amount of data that needs to be processed.

“We expect (M.Dev Studio) to increase the development efficiency of evolving vehicle environments and quickly respond to the needs of the client companies,” said Jung Soo-kyung, executive vice president at Hyundai Mobis.

“We will stably set up the related systems to offer key solutions for global automakers and their development of (software-defined vehicles).”