# Aptiv and Hyundai form $4B autonomous driving joint venture

Aptiv and Hyundai Motor Group announced a 50/50 joint venture valued at $4 billion to develop autonomous driving technology, with Aptiv contributing its technology and about 700 employees. The venture will be based in Boston and aims for a production-ready platform by 2022.

- Type: Partnership
- Announced: 2019-09-24
- Where: Boston, Massachusetts, United States
- Value: $4.00B
- Status: announced
- Products: autonomous driving technology, driverless systems
- 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)

## Sources

- [dailyleader.com](https://dailyleader.com/2019/09/24/aptiv-partners-to-create-4b-joint-venture/), 2019-09-25: "The joint venture will be based in Boston."

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