Hyundai Motor of South Korea and Alphabet’s Waymo, the latter’s autonomous vehicle business, are allegedly in talks to share the manufacture of the latter’s next generation of self-driving vehicles.
Hyundai’s Ioniq 5 electric vehicles may serve as the foundation for Waymo’s sixth-generation autonomous technology, according to a Reuters story that was first credited to South Korea’s Electronic Times.
According to reports, the possible alliance seeks to combine Hyundai’s production skills with Waymo’s state-of-the-art autonomous driving technology, opening a new chapter in the development of the car industry.
The two companies have previously held many meetings to discuss this potential use.
Hyundai Motor, the South Korean automaker known for its global footprint and diversified car choices, stands to benefit greatly from such a relationship.
When combined with Waymo’s technological prowess, Hyundai may significantly boost its competitiveness in the increasingly tech-centric auto sector while also hastening its progress in autonomous vehicles.
Newsng understands that the idea may also include replacing Zeekr’s existing automobiles with Ioniq 5 models.
This follows the Biden administration’s recent announcement of hefty tariff increases on select Chinese goods, including a 100% duty on electric vehicles, which is set to take effect on September 27th.
The Biden administration approved the tariff increase last week, which might prompt strategic movements by corporations that rely on Chinese manufacturing.
We earlier reported that the Biden administration is set to make plans public to prohibit the sales of Kaspersky Labs’ antivirus software in the US.
According to a person with knowledge of the situation, the company has a sizable U.S. clientele that includes state and municipal governments as well as providers of vital infrastructure.
