August 13, 2020 13:05
Hyundai said Wednesday that it has given the name Motional to a joint venture with American autonomous technology company Aptiv. The two inked the deal in March last year with US$2 billion of capital from each company.
Aptiv in turn is an offshoot of global auto parts supplier Delphi. Aptiv has racked up more than 100,000 accident-free rides in Las Vegas in self-driving cars since 2018.
Motional will work on fully-automated driving technologies and hopes to sell them to robotaxi companies and fleet operators by 2022.
The Boston-based venture opened its office in Seoul in May, which will conduct automated driving tests in Korea.
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