Sumitomo Corporation Enters Automotive Engineering Business

Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Masayuki Hyodo) has established an engineering company in the field of automotive design and development, SC Automotive Engineering Co., Ltd., (Head Office: Chiyoda-ku, Tokyo; Representative Director and President: Toshimi Yamanoi; hereinafter “SCAE”) to enter the business of automotive engineering and respond to the unprecedented “once-in-a-century” changes in the automotive industry.

The automotive industry is undergoing a major transformation with a wide variety of development requirements including expansion of the CASE¹ areas, an increase in the number of automotive models, digitization, advancement in performance, and diversification of regional development needs around the globe. These complex automotive design and development requirements necessitate cooperation with external partners. Demand for automotive engineering services is likely to further increase.

SCAE is a new type of engineering company where Sumitomo Corporation and experts in automotive development join forces. Taking advantage of the abilities to collect information and respond using Sumitomo Corporation’s global networks, as well as the knowledge of experts who are well-versed in automotive technologies, SCAE will propose and implement optimal solutions for customers’ issues. The new company will also respond to the ever more complex design and development needs of customers through global partnerships in the fields of advanced development, vehicle development and software development.

In the automotive industry, Sumitomo Corporation is engaged in a broad range of areas from parts and vehicle manufacturing to sales and after-sales services, launching various businesses covering the value chain from upstream to downstream. Making full use of its expertise and networks, Sumitomo Corporation will provide unique value and services and contribute to the development and growth of the automotive industry.

¹ CASE, which stands for “Connected, Autonomous, Shared, and Electric,” is a term coined to express the phenomena behind the “once-in-a-century” changes in the automotive industry.

(Reference)

■Corporate profile of SCAE

■Sumitomo Corporation’s  Material Issues
Sumitomo Corporation Group positions “Six Material Issues to Achieve Sustainable Growth with Society” as an important factor in developing business strategies and in the decision-making process for individual businesses. Going forward, we will pursue sustainable growth by resolving these issues through our business activities. This project especially contributes to “Achieving Harmony with the Global Environment” and “the Development of Local Communities and Industries”, “Establishing a Foundation for Comfortable and Enriching Lifestyles”.