The joint venture leverages Hyundai Motor Group’s design, engineering, and manufacturing expertise and Aptiv’s autonomous driving solutions to commercialize an SAE Level 4 platform for robotaxi providers, fleet operators, and automotive manufacturers. Hyundai first began testing autonomous vehicles on public roads in the U.S. in 2015 with a license from the state of Nevada.During CES in 2017, Hyundai advanced its trials in urban environments, demonstrating self-driving technologies to the public with its autonomous IONIQ model. Aptiv PLC (NYSE: APTV), a global technology company focused on the development and commercialization of advanced mobility solutions, today announced that it has opened a new technology center in Boston's Seaport district, expanding the Company's U.S. engineering footprint and further establishing itself as a leader in the future of mobility. Headquartered in Boston, the Hyundai-Aptiv Autonomous Driving Joint Venture has operations in the US and Asia. Headquartered in Boston, the Hyundai-Aptiv Autonomous Driving Joint Venture has operations in the US and Asia. Visit Hyundai Motor Group is a global corporation that has created a value chain based on automobiles, steel, and construction and includes logistics, finance, IT and service. "This partnership further strengthens Aptiv's industry-leading capabilities in the development of advanced driver assistance systems, vehicle connectivity solutions, and Smart Vehicle Architecture," said "The new joint venture marks the start of a journey with Aptiv toward our common goal of commercializing autonomous driving," said The joint venture's Korea operations will serve as a key technology center as well as a base for vehicle modification and a testbed for autonomous driving mobility service platforms. DUBLIN and SEOUL, South Korea and BOSTON – Aptiv (NYSE: APTV) and Hyundai Motor Group announced today that they will be forming an autonomous driving joint venture. The Hyundai-Aptiv Autonomous Driving Joint Venture develops world class production-ready autonomous driving systems. To date, the company has provided more than 70,000 paid autonomous rides, servicing more than 2,700 destinations, while maintaining a near perfect average passenger rating of 4.95-out-of-five stars.Hyundai Motor Group has created a value chain based on automobiles, steel, and construction, and its business areas also include logistics, finance, IT and service. Hyundai Motor Group's strong presence in the local automotive market and the country's world-class 5G infrastructure are anticipated to spur the partnership's development efforts.Aptiv is a global technology company with an industry-leading portfolio of advanced mobility solutions that includes perception systems, software algorithms, compute platforms, and data and power distribution.Aptiv's autonomous driving engineers have been leading the development of software for high-performing self-driving cars since the historic 2007 DARPA Challenge. Aptiv is a global technology leader, with more than 160,000 people across 126 manufacturing facilities and 15 major technical centers worldwide. The joint venture will begin testing fully driverless systems in 2020 and have a production-ready autonomous driving platform available for robotaxi providers, fleet operators, and automotive manufacturers in 2022.As part of the agreement, Hyundai Motor Group and Aptiv will each have a 50 percent ownership stake in the joint venture, valued at a total of USD 4 billion. The joint venture will begin testing fully driverless systems in 2020 and have a production-ready autonomous driving platform available for robotaxi providers, fleet operators, and automotive manufacturers in 2022.As part of the agreement, Hyundai Motor Group and Aptiv will each have a 50 percent ownership stake in the joint venture, valued at a total of The partnership reinforces the companies' shared vision of making mobility more safe, green, connected, and accessible by advancing the development and commercialization of the highest-performing and safest autonomous vehicles.
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