# 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.

- Type: Acquisition
- Announced: 2019-09-23
- Value: $4.00B
- Status: announced
- Products: autonomous driving systems, Level 4 and 5 self-driving technologies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Aptiv](https://endata.com/companies/5841.md) (partner)
- [Hyundai Motor Company](https://endata.com/companies/6382.md) (partner)
- [Hyundai Mobis](https://endata.com/companies/10831.md) (partner)
- [Kia Motors](https://endata.com/companies/18490.md) (partner)

## Sources

- [aptiv.com](https://www.aptiv.com/en/newsroom/article/aptiv-and-hyundai-motor-group-to-form-autonomous-driving-joint-venture), 2019-09-23: "This partnership further strengthens Aptiv's industry-leading capabilities in the development of advanced driver assistance systems, vehicle connectivity solutions, and Smart Vehicle Architecture."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.