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Hyundai and Kia to invest in Aurora

10/07/2019 | Author: Autoguide | 0 Comments Back To Home   < Previous News   |   Next news >

Self-driving startup Aurora

Hyundai Motor Co has said that it would invest in the self-driving car software start-up Aurora along with Kia Motors Corp to speed up development of autonomous vehicle technologies. 
 
The move comes right after Fiat Chrysler Automobiles announced it will collaborate with the start-up to expand self-driving technology to commercial vehicles.
 
With the new investment, the companies have agreed to expand research to a wide range of models and to build an optimal platform for Hyundai and Kia's autonomous vehicles, as the South Korean auto major has said. However, financial terms of the investment were not disclosed.
 
Aurora competes with Alphabet's Waymo and General Motors' majority-owned Cruise, among others. 
 
With Hyundai and Kia being pretty ambitious about autonomous vehicles, the start-up could take a significantly important role in the development of such models.
 

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