[Courtesy of Autotalks]
SEOUL -- As part of efforts to gain next-generation technologies, Hyundai Motor, a leading South Korean carmaker, made a strategic investment in Autotalks, a global leader in vehicle to vehicle communications in autonomous driving, to cooperate in developing chipsets for connected cars.
Without disclosing financial terms, Hyundai said Tuesday that its capital injection was made in the form of equity investment. Like other carmakers, Hyundai has tried to develop an operating system and a service platform for connected cars.
Hyundai said collaboration is also possible in the creation of a smart city utilizing Autotalks' V2X chipset technology.
The world's fifth-largest automaker has forged strategic partnerships with foreign technology firms. Hyundai invested five million US dollars in a U.S. connected car R&D center in October last year to support the creation of collaborated testing grounds for next-generation cars.
In January, it teamed up with Aurora Innovation, a U.S. startup. They will select an optimal smart city, connected through the internet of things, for the testing of self-driving and other technologies. Aurora has been allowed to start testing driverless cars on public roads in California.
reporter
Lim Chang-won
cwlim34@ajunews.com
![[INTERVIEW] S. Korean longevity expert hopes for inclusive infrastructure for all ages](https://image.ajunews.com/content/image/2024/01/25/20240125110052395457.png)