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Aptiv and Hyundai Motor Group form autonomous driving joint venture · Endata

◂ Announcements

Sep 23, 2019ACQUISITION

Aptiv and Hyundai Motor Group form autonomous driving joint venture

Aptiv and Hyundai Motor Group announced a 50:50 joint venture to develop and commercialize Level 4 and 5 autonomous driving technologies. The joint venture is valued at USD 4 billion, with Hyundai contributing USD 2 billion in cash and services.

Value

$4.00B

Status

Announced

Productsautonomous driving systemsLevel 4 and 5 self-driving technologies

CompaniesAptiv partner Hyundai Motor Company partner Hyundai Mobis partner Kia Motors partner

Sectors#Automotive Components #Automation and Robotics

“This partnership further strengthens Aptiv's industry-leading capabilities in the development of advanced driver assistance systems, vehicle connectivity solutions, and Smart Vehicle Architecture.”aptiv.com

1 source
aptiv.comAptiv and Hyundai Motor Group to Form Autonomous Driving Joint VenturePress ReleaseSep 23, 2019

Summarized from public sources; check the original articles before acting on it.

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