SEOUL, Sept. 23 (Korea Bizwire) — Hyundai Motor Group said Monday it will set up a US$4 billion joint venture (JV) with Ireland-based autonomous vehicle startup Aptiv next year to develop a self-driving platform. Faced with the spread of protectionism and tougher competition with rivals, the South Korean carmaker has been aggressive in investing in [...]
SEOUL, Jun. 17 (Korea Bizwire) — For a car to truly drive itself without user control, it needs to be continuously aware of surroundings and make split-second decisions in any situation via the vehicle’s autonomous driving system. As a self-driving car’s system must be based on complex data sets to navigate the road and electronics [...]
SEOUL, Jun. 13 (Korea Bizwire) — Hyundai Motor Group said Thursday it has invested in U.S. self-driving car startup Aurora Innovation to enhance its autonomous vehicle technologies. In the partnership, the South Korean auto group will jointly develop autonomous vehicle technologies in order to come up with an optimal self-driving platform for models produced by [...]
QUEBEC CITY, Jun. 4 (Korea Bizwire) — LeddarTech®, an industry leader in automotive and mobility LiDAR technology, is pleased to announce that COAST Autonomous has selected LeddarTech for its autonomous shuttles. COAST Autonomous, founded by veterans of the self-driving industry, chose LeddarTech’s technology because of its ability to deliver enhanced safety for COAST Autonomous’ vehicles. [...]
SEOUL, Mar. 31 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Sunday that it aims to secure an advanced deep learning-based camera image detection technology by the end of this year. The company said it plans to apply the technology, required to build safe self-driving systems, to the front camera [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korea will “significantly” ease regulations involving autonomous and hydrogen vehicles as part of its broad emission-control policies, the transport ministry said Friday. In a meeting with auto industry associations and car manufacturers, officials from the Ministry of Land, Infrastructure and Transport said the government will further ease regulations [...]
SEOUL, May 25 (Korea Bizwire) — SK Telecom Co. said Friday it will participate in a government-led project to develop a public transportation system based on self-driving automobile technology. The 35.9-billion-won (US$33.2 million) project, spearheaded by the Ministry of Land, Infrastructure and Transport, is aimed at conducting detailed research on the country’s public transportation system [...]
SEOUL, May 16 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will expand its investment in U.S. wireless technology company Metawave for an improved partnership on autonomous vehicles. Hyundai Motor made an initial investment in Metawave last year in a bid to jointly develop cutting-edge radar technology for autonomous vehicles. This year, it will [...]
HERZLIYA, Israel, Dec. 13 (Korea Bizwire) — Upstream Security, pioneer of the cloud-based cybersecurity platform for connected cars and autonomous vehicles, today announced the closing of $9 million in Series A funding, led by CRV (Charles River Ventures). The round included expanded investments from Israeli-based Glilot Capital Partners and Maniv Mobility. Following a $2 million [...]
SEJONG, Nov. 6 (Yonhap) — South Korea will open a test bed road for self-driving cars to allow companies and researchers to check their cars in a real road environment, the transport ministry said Monday. The 320,000 square meter facility, called “K-City,” has been under construction in Hwaseong, Gyeonggi Province with some 11 billion won [...]