Published

Hyundai, Aptiv Form Autonomous Vehicle JV

Hyundai Motor Group and Aptiv plc have announced a 50:50 joint venture set up to design and develop technologies for self-driving cars.

Share

Hyundai Motor Group and Aptiv plc have announced a 50:50 joint venture set up to design and develop technologies for self-driving cars. The deal is expected to close in the second quarter of 2020.

The partners aim to have a production-ready autonomous driving platform available for robo-taxi providers, fleet operators and carmakers in 2022. Testing of SAE Level 4 and 5 systems will begin next year.

The new company, which is valued at $4 billion, will be based in Boston and led by Karl Iagnemma, currently president of Aptiv’s Autonomous Mobility operations. The joint venture's operations in South Korea will serve as a base for vehicle modification and a testbed for autonomous driving mobility service platforms.

Hyundai Motor, Kia Motors and Hyundai Mobis will contribute a combined $1.6 billion in cash to the venture. They also will provide $400 million in vehicle engineering services, R&D resources and access to intellectual property.

Aptiv will supply its autonomous driving technology, intellectual property and about 700 employees to the joint operation.

Earlier this year, Aptiv created an open-source dataset that developers of autonomous driving systems can access for free. The supplier, which was spun off from Delphi Automotive plc two years ago, currently operates more than 100 autonomous vehicles that have provided 70,000 paid rides globally.

RELATED CONTENT

  • Mustang Changes for 2018

    On Tuesday Ford unveiled—using the social media channels of actor Dwayne Johnson (this has got to unnerve some of the auto buff book editors)—the 2018 Mustang, which has undergone some modifications: under the hood (the 3.7-liter V6 is giving way to a 2.3-liter EcoBoost four, and a 10-speed automatic is available), on the dash (a 12-inch, all-digital LCD screen is available for the dashboard), at the tires (12 wheel choices), on the chassis (MagneRide damper technology is being offered with the Mustang Performance Package), and on the exterior (three new paint colors). And while on the subject of the exterior, there are some notable changes—a lower, remodeled hood, repositioned hood vents, new upper and lower front grilles, LED front lights, revised LED taillamps, new rear bumper and fascia.

  • When Automated Production Turning is the Low-Cost Option

    For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.

  • on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .

    EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .

Gardner Business Media - Strategic Business Solutions