NEWS COMMENTARY

Hyundai Motor Group will form an autonomous vehicle joint venture with Aptiv valued at $4 billion

Published:
September 23, 2019
Coverage:
Digital Transformation More...
Activities:
Partnership
by Lewie Roberts
Very important

In a move reflective of VW's recent $2.6 billion investment in Argo AI, Hyundai will contribute $1.4 billion in cash and $0.4 billion in resources (vehicle engineering, R&D, and IP) to Aptiv's existing autonomous vehicle (AV) platform. This is a significantly larger sum than it allegedly contributed to AV software developer Aurora in June (rumored at less than $30 million), pointing to Aptiv as the OEM's primary partner for AV development. With this established partnership, expect Hyundai to pursue a timeline similar to Aptiv's recently released targets for AV deployment, which aims for the initial (but limited) removal of safety drivers in 2022, matching Lux's expectations in our report on AV applications.

For the original news article, click here .