Hyundai Motor and Avride have agreed to jointly develop self-driving cars in a merger manner, which will deepen the relationship between the two companies.
The deal will focus on autonomous vehicle technology designed for robots. The companies will also look at other use cases of the technology, including autonomous delivery services for sidewalk delivery robots using Avride.
Under the partnership, Avride will expand its Hyundai Ioniq 5 fleet, which will be assembled at the new Hyundai Motor Group Metaplant America plant in Georgia, and then integrate with the startup’s automated enterprise technology. The new vehicles will be launched in Dallas later this year as part of Avride’s Robotaxi service Accessed through Uber apps only.
The deal is one of several Avride partners, an autonomous vehicle based in Austin, Get out of Yandexlogged in over the past year. This is also the latest example of modern branches outside of internal efforts to develop technology. AV Powerhouse Waymo Arrival with Hyundai In October 2024, bring the Ioniq 5 EV to its Robotaxi network.
Hyundai is a major backer of Motional, a self-driving car startup founded through a $4 billion joint venture with supplier APTIV. The action remains, insiders told TechCrunch that the company is still studying what is called Level 4 autonomy, where the system handles all vehicle navigation without expecting humans to take over.
But Motional faces challenges, including Aptiv’s decision last year No more capital allocation Going to work hard. Modern enhancement and Agree to invest There is another $1 billion action, including $448 million in purchasing 11% of the common equity of APTIV.
Capital brings consequences. Action disbanded Hundreds of workers as part of the main reorganization. Its CEO Karl Iagnemma Resign September.
Avride said that collaboration with modernity is not a replacement for action. The spokesman said this is similar to Hyundai’s deal with Waymo.
“Our team has been working with Hyundai Motor Group since 2019 and we value it
Defines the professionalism and collaboration of this partnership. ”
avride. “This new agreement with Hyundai Motor will help us expand operations
It is worth noting that with plans to expand our fleet to up to 100 automatic ioniq 5 in 2025
Hyundai Motor’s Ioniq 5 and our autonomous driving technology. ”
Chang Song, President and Head of Hyundai Motor Group Advanced Vehicle Platform (AVP)
Department, added: “Hyundai Motor Company is actively promoting its self-driving car foundry
Pursuing the business of pioneering vehicles that are most suitable for level 4 autonomous driving. we are
Expand our collaboration with leading autonomous driving technology companies such as Avride to promote
Their innovations can be actively involved in our shaping the environment in which we can create the future
Liquidity. ”
