Hyundai positions itself as a global leader in autonomous vehicle development

In an effort to put South Korea on the map as a world leader in autonomous and eco-friendly vehicles, the nation’s largest automotive manufacturer, Hyundai Motor Group, has joined forces with the South Korean government to invest $35 billion in the technology.

With the optimistic goal of putting fully autonomous vehicles on the road by 2027, South Korea’s President Moon Jae-in said the country aimed to become the first country to be drive by self-driving cars.

“Our goal is to become the world’s number one powerhouse in the future vehicle industry by 2030,” said President Moon.

“In an era of advanced vehicles, Korea will no longer be a flower and has the opportunity to become the technology leader. We must take this opportunity.”

As well as autonomous technology, Hyundai will invest resources into developing future powertrains such as battery-electric cars, planning for the announcement of 23 electric vehicle models by 2025 and preparing to export hydrogen fuel cell trucks.

As part of the project, Hyundai will roll-out semi-autonomous vehicles ready for autonomous highway driving by 2021, with vehicles capable of self-driving in the city expected to be ready by 2024.

Hyundai’s investment in self-driving cars comes at an interesting time, with global hype around autonomous technology stalling over the last 12 months in some circles. Earlier this year General Motors pulled back plants to commercialise its self-driving division, while Ford Chief Executive, Kim Hackett, said the automotive industry has “overestimated the arrival of autonomous vehicles.”

But Hyundai are determined to consolidate their position as an industry leader in future mobility, with plans to offer various types of transportation including first and last mile-mobility, robots and self-driving vehicles in development.

Original source: cnet.com | Hyundai to invest $35 billion in South Korea for autonomous cars

22 Oct 2019