ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business deals

Hyundai to launch $4bn driverless joint venture with Aptiv

South Korean automaker looks to catch up to rivals in autonomous arena

A driver holds his hands just underneath the steering wheel during a live demonstration of Aptiv's self-driving vehicle.   © Reuters

SEOUL -- The Hyundai Motor group will set up a $4 billion joint venture in self-driving vehicles with auto parts supplier Aptiv next year, aiming to catch up with peers in the technology.

Each side will invest $2 billion. Aptiv will contribute about 700 engineers and transfer patents and other intellectual property associated with autonomous driving to the venture.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more