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Hyundai invests in Autotalks for increased road safety

SEOUL, July 4, 2018

Hyundai Motor Company is looking to enhance road safety and mobility by investing in Autotalks, a leading technology company specialised in the manufacturing of Vehicle to Everything (V2X) communication chipsets.

The partnership aims to accelerate the development of chipsets for the next generation of connected car.

V2X technology allows vehicles to communicate with one another, with other road users and road infrastructure. The main focus of any V2X solution is safety. As a reliable non-line-of-sight sensor working in all environments and weather conditions, it helps prevent road collisions and avoid dangerous situations.

In manned vehicles, V2X systems convey important information 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, allowing them to make more informed decisions as well as easing their interaction with other road users.

"Connectivity is one of the core technologies that can be applied to smart city business models, as well as autonomous driving and infotainment,” said Yunseong Hwang, director of open innovation business group at Hyundai Motor Company. He added, “Hyundai Motor will continue to invest in disruptive technologies that are in line with Hyundai’s current and future strategic pillars.”

Hagai Zyss, CEO of Autotalks, said: "Having a top global car manufacturer such as Hyundai invest directly in Autotalks is not only a vote of confidence in the company, but a testament to the growing V2X market. 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. - TradeArabia News Service
 




Tags: investment | Hyundai | Road safety |

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