Hyundai Motor and subsidiaries to jointly form a company in the U.S. to explore business

According to foreign media reports, South Korea's Hyundai Motor said on June 30 that the company and its two subsidiaries plan to jointly establish a company in the United States to explore business.

Image credit: Hyundai

In May, Hyundai Motor Group said it planned to invest more than $10 billion in the U.S. by 2025 to strengthen cooperation with U.S. companies in cutting-edge technologies.

The Hyundai Motor Group hopes to promote development in key future technology fields such as robotics, advanced air mobility (AAM), autonomous driving and artificial intelligence.Hyundai Motor Group is a pioneer in driverless technology and is responding to the rapid transformation of the automotive industry through its joint venture with Aptiv, Motional.Motional is currently conducting road tests of self-driving taxis in the United States, and hopes to begin commercializing the service in 2023.Hyundai Motor Group said it will cooperate with U.S. partners in a number of areas to accelerate the realization of driverless technology.

In order to advance all future businesses and strengthen the group's competitiveness in different fields, Hyundai Motor Group also plans to increase investment in artificial intelligence technology, while also actively seeking new business opportunities with U.S. partners to expand business infrastructure and achieve carbon neutrality and etc.