Hyundai to develop driverless cars with Aptiv in US$1.6-billion deal

first_img advertisement COMMENTSSHARE YOUR THOUGHTS Google appoints ex-Hyundai CEO to lead self-driving car push Under the agreement, Hyundai will contribute engineering services, research and development resources and access to intellectual property, while Aptiv will provide autonomous driving technology and about 700 employees. The companies will appoint an equal number of directors in the venture, which will be based in Boston and led by Karl Iagnemma as president. Hyundai Motor and its affiliate Kia aim to commercialize autonomous vehicles in some cities from 2021 and have a goal of launching fully driverless vehicles by 2030.RELATED RELATED TAGSHyundaiNon-LuxuryNew VehiclesNon-Luxury Hyundai will spend US$1.6 billion to develop autonomous vehicles with Aptiv, marking one of the biggest investments yet by a traditional carmaker into the burgeoning robocar industry.Aptiv will take a 50-per-cent stake in the venture, while Hyundai Motor Co., Hyundai Mobis Co. and Kia Motors Corp. will contribute a combined US$1.6 billion in cash and US$400 million in areas including research and development, valuing Aptiv at $4 billion, the automaker said in a statement Monday.The venture will begin testing fully driverless systems in 2020 and have a production-ready autonomous driving platform available for robotaxi providers, fleet operators and manufacturers in 2022, the statements said. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. The Rolls-Royce Boat Tail may be the most expensive new car ever ‹ Previous Next › Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Trending in Canada See More Videos Trending Videos Created with Raphaël 2.1.2Created with Raphaël 2.1.2 2020 Hyundai Venue  Andrew McCredie / Driving Audi, Hyundai to join forces to push fuel-cell technologySouth Korea’s automakers and global rivals are investing heavily to develop new models and technologies for electrified and autonomous vehicles. last_img read more

ERZIA Joins DREAM R&D EU Program

first_imgERZIA announced that they have joined DREAM R&D EU funded program with the objective of researching and developing advanced, cutting-edge technologies for wireless high data rate communication links able to cope with the requirements of future cellular networks beyond 5G. The kick-off meeting took place in Espoo, Finland hosted by the Project coordinator VTT.ERZIA designs and manufactures microwave and mm-wave amplifiers and integrated assemblies for high performance and high reliability applications. With ISO9001 & 9100 certifications, ERZIA products are present at the five continents, airborne platforms and space missions, covering from DC to 119 GHz. Click here to see ERZIA’s broad range of amplifiers.last_img read more