Announced
Completed
Financials
Tags
Single Bidder
Joint Venture
Ireland
Auto Parts
auto parts
Private
Friendly
Completed
Synopsis
Hyundai Motor Group and Aptiv formed an autonomous driving joint venture. The companies combined contributions total $4bn, with each owning 50% in the joint venture. The joint venture will advance the design, development, and commercialization of SAE Level 4 and 5 autonomous technologies, furthering the partners’ leadership position in the global autonomous driving ecosystem. “The new joint venture marks the start of a journey with Aptiv toward our common goal of commercializing autonomous driving. The combined capabilities of Aptiv, a leading global technology company, and our Group, a global OEM, will create invaluable synergy to lead the autonomous driving landscape,” Euisun Chung, Hyundai Motor Group Executive Vice Chairman.
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