Trade Resources Company News Hyundai Motor Invests in Technology Firm Autotalks

Hyundai Motor Invests in Technology Firm Autotalks

South Korean automaker Hyundai Motor has invested in Autotalks to develop connectivity technology for increased road safety.

The companies will collaborate to develop the next generation Vehicle to Everything (V2X) chipset for connected cars.

The V2X technology lets vehicles to communicate with one another and with other road users and road infrastructure to improve road safety and mobility.

It helps avoid road collisions and prevent dangerous situations. The V2X technology enhances vehicle and road safety, mobility.

Hyundai said in manned vehicles, V2X systems convey key data to the driver in the form of alerts and notifications and can also actuate the vehicle in dangerous situations.

In autonomous vehicles, V2X complements existing sensors, enabling them to make more informed decisions as well as easing their interaction with other road users. 

Autotalks CEO Hagai Zyss said: “Hyundai’s pursuit of cutting-edge communication and safety technologies is a perfect match with Autotalks’ leading V2X capabilities. The funding from Hyundai will fuel Autotalks' technology roadmap as well as support our customers and partners all over the globe.

"Hyundai is expanding partnerships in the connectivity field to further strengthen connectivity technology vital to autonomous driving and explore new business opportunities within smart city infrastructure.”  

Hyundai stated that connectivity is one of the core technologies that can be applied to smart city business models along with autonomous driving and infotainment. The company will continue to invest in such disruptive technologies that in line with its current and future strategic pillars.

Last year, Hyundai, through Hyundai America Technical Center (HATCI), has invested $5m in the American Center for Mobility (ACM) to support the advancement of connected and automated vehicle (CAV) technology.

Source: http://design.automotive-business-review.com/news/hyundai-invests-in-israeli-autotalks-to-develop-v2x-chipset-for-connected-vehicles-030718-6229005
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