Aptiv : and Hyundai Motor Group Complete Formation of Autonomous Driving Joint Venture
March 26, 2020 at 07:08 pm EDT
Share
DUBLIN / SEOUL / BOSTON, March 26, 2020 - Aptiv (NYSE: APTV) and Hyundai Motor Group are pleased to announce they have completed the formation of their 50/50 autonomous driving joint venture aimed at advancing the companies' shared vision of making mobility more safe, green, connected, and accessible.
Headquartered in Boston with technology centers across the United States and Asia, the joint venture will leverage Hyundai Motor Group's design, engineering, and manufacturing expertise and Aptiv's autonomous driving solutions to commercialize a SAE Level 4/5 platform for robotaxi providers, fleet operators, and automotive manufacturers.
The name of the joint venture will be announced at a later date.
About Aptiv
Aptiv is a global technology company that develops safer, greener and more connected solutions enabling the future of mobility. Visit aptiv.com.
About Hyundai Motor Group
Hyundai Motor Group is a global corporation that has created a value chain based on automobiles, steel, and construction and includes logistics, finance, IT and service. With about 250,000 employees worldwide, the Group's automobile brands include Hyundai Motor Co. and Kia Motors Corp and Genesis. Armed with creative thinking, cooperative communication and the will to take on all challenges, we are working to create a better future for all. For more information about Hyundai Motor Group, please visit www.hyundaimotorgroup.com
###
Aptiv Contacts
Hyundai Motor Group Contact
Sarah McKinney
Jin Cha
VP, Media Relations
Lead, Global PR Teamo
sarah.mckinney@aptiv.com
sjcar@hyundai.co
Elena Rosman
VP, Investor Relations
elena.rosman@aptiv.com
Attachments
Original document
Permalink
Disclaimer
Aptiv plc published this content on 26 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2020 23:07:05 UTC
Aptiv PLC specializes in the design, manufacturing and marketing of automotive equipment. Net sales break down by family of products as follows:
- electrical and electronic architecture products (73.8%): connectors, wiring assemblies, harnesses, electrical centers, hybrid high voltage and safety distribution systems;
- electronic and safety systems (26.2%): body controls, reception systems, infotainment and connectivity systems, hybrid vehicle power electronics, passive and active safety electronics, displays and mechatronics.
At the end of 2022, the group has 131 manufacturing plants and 11 technical centers worldwide.
Net sales are distributed geographically as follows: the United States (36%), North America (0.9%), Europe/Middle East/Africa (30.7%), Asia/Pacific (30.2%) and South America (2.2%).
APTIV PLC 
