Hyundai is also the primary backer of Motional, an autonomous vehicle startup formed through a joint venture with Aptiv. Despite challenges, including Aptiv's reduced investment and subsequent restructuring, Hyundai has committed additional funding to Motional. The partnership with Avride is not intended to replace Motional but to complement Hyundai's efforts in advancing autonomous vehicle technology. Hyundai aims to foster innovation by collaborating with leading tech companies like Avride to shape the future of mobility.
Key takeaways:
- Hyundai Motor Company and Avride have partnered to develop autonomous vehicles, focusing on robotaxi technology and exploring other use cases like autonomous delivery services.
- Avride will expand its fleet of Hyundai Ioniq 5 vehicles, integrating them with its autonomous technology, with plans to roll out in Dallas through the Uber app.
- Hyundai is diversifying its autonomous vehicle efforts, having previously partnered with Waymo and investing heavily in Motional, despite challenges and restructuring within Motional.
- The partnership with Avride is not a replacement for Motional, but rather a complementary effort to advance Hyundai's autonomous vehicle initiatives.