South Korea’s Hyundai Mobis set to invest in core future car technologies
HY UNDAI Mobis Co Ltd on Sunday said it would target t he globa l market wit h f uture mobilit y technolog ies including v ision-autonomous driv ing, connectiv it y and electrif ication technolog y.
The auto parts unit under South Korea’s largest auto conglomerate Hyundai Motor Group pledged to develop high-performance sensors for self-driving cars with independent technology within this year. It marks 25 years since its transition to the auto parts business.
After developing the country’s first shortrange radar applied to a blind-spot collision warning system in 2018, Hyundai Mobis last year secured four technologies for short-, midand long-range radars that can detect surrounding vehicles at 360 degrees.
Also, to launch a new lidar-based advanced driver assistance system, the company made an investment of 60 billion won ($49.5 million) for a strategic partnership with Velodyne Lidar, one of t he industr y’s leading lidar sensor prov iders.
For connectivity, Hyundai Mobis said it is collaborating with Yandex, Russia’s top internet search engine operator with more than 60 per cent market control, to develop a driverless level four autonomous robotaxi platform.
The company is also participating in a joint venture between Hyundai Motor Group and US software developer for autonomous vehicles Aptiv to bolster its level four autonomous vehicle technology.
It plans to invest four trillion won to expand production for electrification and to inject three to four trillion won for the research and development of future cars.