13 Aug 2020
Posted in Automotive
Hyundai and Aptiv JV points way for more collaborations in auto sector, says GlobalData
Following the news that the autonomous driving joint venture between Hyundai Motor Group and Aptiv has been launched with its official name and brand identity: Motional;
David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view:
“The coming together of these two companies illustrates the opportunities for exploiting complementary and synergistic strengths in developing advanced automotive technologies.
“Tier 1 components supplier Aptiv has considerable expertise in advanced driving assistance systems (ADAS) that form a foundation for the technologies needed in autonomous vehicles. Therefore, it can supply the necessary basic vehicle sub-system platforms and technology modules for Motional to develop further.
“Hyundai brings vehicle manufacturing, whole vehicle development and engineering strengths that are going to be essential in developing vehicles with a high degree of driverless or autonomous driving capability.
“The Motional JV brings the two companies’ core strengths together for renewed focus in this high-growth field. It also enables them to share large investment costs.”