Aptiv/Hyundai $4B Joint Venture to Begin Testing ‘Fully Driverless’ Systems in 2020
Automotive tech supplier Aptiv and Hyundai agreed to form a 50/50 joint venture valued at $4 billion to speed the design, development and commercialization of autonomous vehicles, said the companies Monday. The JV will begin testing “fully driverless” systems next…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
year, and commercialize vehicles with Levels 4 and 5 autonomy starting in 2022, they said. Targeted markets will include “robotaxi” providers, fleet operators and automotive manufacturers, they said. The transaction is expected to close early in Q2 2020. The JV will be headquartered in Boston under the direction of Aptiv Autonomous Mobility President Karl Iagnemma, they said.