Hyundai has just announced the New Horizons Studio, a unit within the Hyundai Motor Group that will focus on creating Ultimate Mobility Vehicles (UMVs). What's a UMV? It all started with the Hyundai Elevate concept, a car with robotic legs that allow it to traverse terrains not suitable for standard vehicles. The Elevate looks to be a building block for this new unit's mission.

“We aim to create the world’s first transformer-class vehicle, also known as the Ultimate Mobility Vehicle,” notes Vice President Dr. John Suh. You have to admit, owning a transformer-class vehicle would be worth it just for the name.

Expect to see a lot of futuristic and groundbreaking concepts coming out of New Horizons Studio. And, who knows, maybe we'll be seeing them in real-world applications in the near future.