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

Hyundai Motor Group signed an agreement for a $4 billion 50:50 joint venture with Aptiv Technologies Limited to develop and commercialize next-generation autonomous driving technologies.

- Type: Acquisition
- Announced: 2019-09-23
- Value: $4.00B
- Status: announced
- Products: autonomous driving technologies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hyundai Motor Company](https://endata.com/companies/6382.md) (partner)
- [Aptiv Technologies Limited](https://endata.com/companies/46132.md) (partner)

## Sources

- [kimchang.com](https://www.kimchang.com/en/insights/detail.kc?idx=21198&sch_section=2), 2020-03-26: "This Transaction was the largest M&A ever carried out by HMG, which had historically focused on organic growth rather than growth by active M&As."

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