| | | SPD is expensive and then you had the AGP mess to boot. No wonder why we have NO Asian car maker.
And why would GM, after (supposedly) successfully implementing SPD in the Celestiq use an inferior technology on their flagship sports car?
Ai is grossly inaccurate when researching things like this but I think this is on point and a good reason why we are also not in the Corvette. .
The relevance to Hyundai's Magic Roof
The instability and high-profile financial failures within the smart glass industry during both 2024 and 2025 would reinforce Hyundai's business decision. A feature like the Magic Roof requires a reliable and financially stable supplier to ensure consistent production and to honor long-term warranty obligations. The bankruptcies of key players demonstrate the immense financial and technical risk involved, making it a prudent decision for Hyundai to avoid integrating such a costly and unproven technology into a mass-market production vehicle.
AGP Group (including AGP eGlass)
- U.S. subsidiary bankruptcy (2024): The U.S. subsidiary, AGP eGlass, filed for Chapter 7 bankruptcy in November 2024.
- Liquidation plans (2024): This filing initiated the process of liquidating its assets.
- Parent company financial trouble (2025): The parent company, AGP Group (known as Soliver in Belgium), continued to face financial difficulties into 2025.
- Potential takeover fails (2025): A potential takeover by the American company XGlass fell through in June 2025 after major automaker clients, including Volvo and BMW, advised against the deal.
- Belgian sites closure (2025): As a result of the failed deal, AGP confirmed in June 2025 that all of its Belgian manufacturing sites would close by the end of that month, costing over a thousand jobs.
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