Hyundai Mobis and Vector have agreed to the joint development of automotive software platforms. Vector, a German premium partner of AUTOSAR, which endorses global standards for automotive software, is a leading provider of development tools and software platforms to global automakers and suppliers. As software platforms have become a critical component in defining competitiveness in vehicle manufacturing, automakers are now requiring their suppliers to adopt AUTOSAR-based software platforms with proven quality and versatility. Through this MOU, the two companies are anticipating increased competitiveness of their automotive software in the global automotive industry. The two companies will first install the co-developed software in core components related to parking systems, autonomous driving sensors, infotainment systems, and electrified parts. It is also expected that this list of core components installed with the platform will grow further.