Hyundai Motor Group and Aptiv say they will be forming an autonomous driving joint venture. This partnership brings together a vehicle technology supplier and one of the world’s largest vehicle manufacturers. The joint venture -it’s claimed – will advance the design, development and commercialization of SAE Level 4 and 5 autonomous technologies. The JV will begin testing fully driverless systems in 2020 and have a production-ready autonomous driving platform available for robotaxi providers, fleet operators, and automotive manufacturers in 2022. Aptiv conducted the first coast-to-coast automated drive in the United States in 2015 and was the first to commercially deploy autonomous vehicles globally. (SAE Autonomous Driving Levels)
As part of the agreement, Hyundai Motor Group and Aptiv will each have a 50% ownership in the joint venture, valued at a total of $4 billion. Aptiv will contribute its autonomous driving technology, intellectual property, and approximately 700 employees generic nexium online focused on the development of scalable autonomous driving solutions. Hyundai Motor Group affiliates — Hyundai Motor, Kia Motors and Hyundai Mobis — will collectively contribute $1.6 billion in cash at closing and $ 0.4 billion in vehicle engineering services, R&D resources, and access to intellectual property. The transaction is subject to regulatory approval and other customary conditions and is expected to close early in the second quarter of 2020.
Aptiv operates more than 100 autonomous vehicles on multiple continents, across a range of driving conditions and environments, including the largest commercial deployment of autonomous vehicles in Las Vegas with a ride-hailing network. To date, the company has provided more than 70,000 paid autonomous rides, servicing more than 2,700 destinations, while maintaining an average passenger rating of 4.95-out-of-five stars. The autonomous driving platform will be available for robotaxi providers, fleet operators, and automotive manufacturers in 2022.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Autonomous Driving – Aptiv and Hyundai $4 Billion JV
Hyundai Motor Group and Aptiv say they will be forming an autonomous driving joint venture. This partnership brings together a vehicle technology supplier and one of the world’s largest vehicle manufacturers. The joint venture -it’s claimed – will advance the design, development and commercialization of SAE Level 4 and 5 autonomous technologies. The JV will begin testing fully driverless systems in 2020 and have a production-ready autonomous driving platform available for robotaxi providers, fleet operators, and automotive manufacturers in 2022. Aptiv conducted the first coast-to-coast automated drive in the United States in 2015 and was the first to commercially deploy autonomous vehicles globally. (SAE Autonomous Driving Levels)
As part of the agreement, Hyundai Motor Group and Aptiv will each have a 50% ownership in the joint venture, valued at a total of $4 billion. Aptiv will contribute its autonomous driving technology, intellectual property, and approximately 700 employees generic nexium online focused on the development of scalable autonomous driving solutions. Hyundai Motor Group affiliates — Hyundai Motor, Kia Motors and Hyundai Mobis — will collectively contribute $1.6 billion in cash at closing and $ 0.4 billion in vehicle engineering services, R&D resources, and access to intellectual property. The transaction is subject to regulatory approval and other customary conditions and is expected to close early in the second quarter of 2020.
Aptiv operates more than 100 autonomous vehicles on multiple continents, across a range of driving conditions and environments, including the largest commercial deployment of autonomous vehicles in Las Vegas with a ride-hailing network. To date, the company has provided more than 70,000 paid autonomous rides, servicing more than 2,700 destinations, while maintaining an average passenger rating of 4.95-out-of-five stars. The autonomous driving platform will be available for robotaxi providers, fleet operators, and automotive manufacturers in 2022.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.