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Aptiv to Acquire Wind River for $4.3 Billion in its Push into the Automotive Software Space

Aptiv to Acquire Wind River for $4.3 Billion in its Push into the Automotive Software Space

​Automotive technology developer Aptiv announced its acquiring software company Wind River as part of its expansion in the automotive software space. The acquisition of Wind River will position Aptiv as a key player in the automotive software market, which is expected to grow rapidly over the next decade. Aptiv purchased Wind River from private equity firm TPG Capital, for $4.3 billion in cash.

Eric Walz2022-01-11 11:15 PT

Motional and Lyft Choose Las Vegas for 2023 Robotaxi Launch

Motional and Lyft Choose Las Vegas for 2023 Robotaxi Launch

The joint venture between Aptiv and Hyundai has announced plans to launch its first autonomous robotaxi service in Las Vegas in 2023.

Vineeth Joel Patel2021-11-13 16:00 PT

Hyundai Reportedly Delaying Ioniq 6 to Increase Battery Size

Hyundai Reportedly Delaying Ioniq 6 to Increase Battery Size

The electric vehicle was supposed to come out in spring 2022, but Hyundai has moved the date back to make some last-minute upgrades.

Vineeth Joel Patel2021-08-22 07:30 PT

Silicon Valley Startup Sonatus to Partner with Hyundai on the Development of Software Defined Vehicles

Silicon Valley Startup Sonatus to Partner with Hyundai on the Development of Software Defined Vehicles

Hyundai Motor Group on Wednesday announced a new partnership with Silicon Valley-based software developer Sonatus. The two companies will work to develop software defined vehicles for Hyundai and its brands Kia and Genesis. With this new partnership, Sonatus is bringing its expertise to Hyundai to transition away from legacy vehicle architectures and transform its vehicle development with electrical/electronic (E/E) architecture capabilities.

Eric Walz2021-08-11 12:00 PT

Kia to Introduce a Full-Size Electric SUV Based on the Upcoming IONIQ 7 From Hyundai

Kia to Introduce a Full-Size Electric SUV Based on the Upcoming IONIQ 7 From Hyundai

Automaker Kia is getting ready to take its all-electric vehicle portfolio to the next level with a new full-size electric SUV, according to industry reports coming out of South Korea.

Manish Kharinta2021-07-06 08:00 PT

Automaker Hyundai Completes its Acquisition of Robotics Firm Boston Dynamics

Automaker Hyundai Completes its Acquisition of Robotics Firm Boston Dynamics

South Korean automaker Hyundai Motor Corp announced it completed its acquisition of robotics company Boston Dynamics. Hyundai acquired the controlling interest of the company from Japan’s Softbank Group Corp. The company is known for its advanced mobile robots that can walk, jump and perform tasks like humans.

Eric Walz2021-06-21 10:30 PT

Kia Unveils its EV6 Electric Crossover, a Serious Competitor to Tesla’s Model Y

Kia Unveils its EV6 Electric Crossover, a Serious Competitor to Tesla’s Model Y

​Kia unveiled the production version of its new EV6 crossover at a live streamed media event in Times Square in New York City on Tuesday night. The EV6 is the first purely electric vehicle from South Korean automaker Kia. The launch of the new EV6 SUV is part of Kia’s ‘Plan S’ strategy that will include 11 all-new electrified models globally by 2026.

FutureCar Staff 2021-05-19 11:30 PT

Motional & Derq to Partner on Technology That Provides a ‘Birds Eye View’ to Self-driving Vehicles at Busy Intersections for Safer Navigation

Motional & Derq to Partner on Technology That Provides a ‘Birds Eye View’ to Self-driving Vehicles at Busy Intersections for Safer Navigation

Hyundai's Autonomous driving joint venture Motional announced a new partnership with Derq Inc, a technology company that’s using AI-powered vehicle-to-vehicle (V2V) technology to deliver an unobstructed, 360-degree bird’s eye view of the environment. Derq’s technology uses cameras that are installed above busy intersections to collect data. The cameras are connected to Derq’s AI-powered perception systems and RSUs, which then transmits the data to Motional’s autonomous vehicles in real time.

Eric Walz2021-04-20 13:00 PT

In Case You Missed it: The 2021 Kia Niro PHEV Gets New Features & Pricing

In Case You Missed it: The 2021 Kia Niro PHEV Gets New Features & Pricing

Hyundai Motor's sister company Kia Motors announced an update to its all-new Niro plug-in hybrid electric vehicle (PHEV), which will be offered as a 2021 model in North America. The new Niro PHEV is getting several updates along with a range of new features.

Manish Kharinta2021-03-17 18:00 PT

Kia Reveals the Sleek EV6 Crossover, its First Battery-Powered Vehicle

Kia Reveals the Sleek EV6 Crossover, its First Battery-Powered Vehicle

​On Monday, automaker Kia revealed the first official images of the upcoming EV6 crossover, the company's first dedicated battery electric vehicle (BEV), ahead of the car’s world premiere later this month. The EV6 is based on Kia’s new Electric-Global Modular Platform (E-GMP) and marks Kia’s shifting focus towards electrification of its model lineup.

FutureCar Staff 2021-03-15 15:45 PT

2022 IONIQ 5 Kicks Off Hyundai’s Major EV Push

2022 IONIQ 5 Kicks Off Hyundai’s Major EV Push

The all-new IONIQ 5 is based on the Hyundai 45 concept and is the first vehicle from the new IONIQ sub-brand, leading the way forward for the automaker’s 23 EVs that are coming in the future.

Vineeth Joel Patel2021-02-27 07:10 PT

With the Apple Car Project in Limbo, Kia Shares an Updated Roadmap of its Future EV Plans

With the Apple Car Project in Limbo, Kia Shares an Updated Roadmap of its Future EV Plans

At Kia’s 2021 CEO Investor Day virtual event in Seoul, President and CEO of Kia Corporation Ho Sung Song, provided an update to the automaker’s new “Plan S” strategy for its future business, which included its mid to long-term roadmap. The renewed ‘Plan S’ strategy includes three core pillars, advancing electric vehicle (EV) transition, strengthening its purpose-built vehicle (PBV) business and expanding future mobility services.

Eric Walz2021-02-10 15:45 PT

Automaker Kia is Said to Be Reviewing Plans to Build EVs with Multiple Firms, Hinting at Ongoing Talks with Tech Giant Apple

Automaker Kia is Said to Be Reviewing Plans to Build EVs with Multiple Firms, Hinting at Ongoing Talks with Tech Giant Apple

South Korean automaker Kia Motors Corp. is reportedly reviewing plans from multiple foreign firms to work together on building self-driving electric cars, Reuters reported on Wednesday. In addition, Kia’s parent, Hyundai Motor Group, has decided that its Kia brand would be in charge of any proposed cooperation with Apple on electric cars, the sources said.

FutureCar Staff 2021-01-20 16:00 PT

China to Reduce Tariffs on Imported Hydrogen Fuel Cell Components to Boost Development of the Technology

China to Reduce Tariffs on Imported Hydrogen Fuel Cell Components to Boost Development of the Technology

China will lower tariffs on fuel cell-related components imported to the country in 2021 to promote development of the technology. The tariffs on imported fuel cell-related compressors, circulating pump and carbon electrodes will be cut to 5%, 2% and 5% respectively, from the current tariffs of 7%, 7% and 10%, according to a document the Customs Tariff Commission of the State Council issued this month.

FutureCar Staff 2020-12-28 15:15 PT

Lyft & Hyundai’s Joint Venture Motional to Launch a Fully Driverless Ride-Hailing Service in Major U.S. Cities

Lyft & Hyundai’s Joint Venture Motional to Launch a Fully Driverless Ride-Hailing Service in Major U.S. Cities

California ride hailing company Lyft is teaming up with Boston-based Motional on an autonomous ride-hailing service in major cities across the U.S., the companies announced on Wednesday. Motional’s self-driving vehicles will be integrated, operationalized and deployed on the Lyft network. The services will launch in 2023.

FutureCar Staff 2020-12-16 11:30 PT

Hyundai Plans to Offer 10 Electrified Vehicles by 2022

Hyundai Plans to Offer 10 Electrified Vehicles by 2022

Unsurprisingly, the majority of those will be SUVs, while just a few will be cars.

Vineeth Joel Patel2020-11-15 07:45 PT

Hyundai’s Motional to Partner with Ride-Hailing Company Via on a U.S. Robotaxi Service

Hyundai’s Motional to Partner with Ride-Hailing Company Via on a U.S. Robotaxi Service

Hyundai Motor’s joint venture company Motional and transportation provider Via announced today a first-of-its-kind partnership for the future of on-demand, shared robotaxis. The combined strengths of both companies will be used to develop an autonomous, shared, ride-hailing service. The service is expected to launch in the first half of next year in the U.S. The launch city will be announced at a later date.

Eric Walz2020-10-27 17:20 PT

California Electric Vehicle Startup Canoo Goes Public at a $2.4 Billion Valuation

California Electric Vehicle Startup Canoo Goes Public at a $2.4 Billion Valuation

Los Angeles-based electric vehicle startup Canoo Holdings Ltd is going public, becoming the latest electric vehicle startup turning to Wall Street to raise new capital. The company announced on Tuesday that it entered into an agreement with special purpose acquisition company (SPAC) Hennessy Capital Acquisition Corp IV.

Eric Walz2020-08-18 11:55 PT

Hyundai Launches IONIQ as a Futuristic New Electric Brand

Hyundai Launches IONIQ as a Futuristic New Electric Brand

South Korean Automaker Hyundai will produce electric vehicles under a dedicated new brand named IONIQ. With the launch of the IONIQ brand, the automaker is aiming to become one of the world's top three manufacturers of battery-powered vehicles by 2025. The first IONIQ model will be the Ioniq 5, a midsize all-electric crossover based on the futuristic 45 concept first unveiled in Sept 2019 at the Frankfurt Auto Show.

Eric Walz2020-08-10 13:45 PT

Hyundai Motor Co is Investing $52 Billion in Electric & Autonomous Vehicles and Mobility Services by 2025

Hyundai Motor Co is Investing $52 Billion in Electric & Autonomous Vehicles and Mobility Services by 2025

South Korean automaker Hyundai Motor Co is looking to be a world leader in electrification, autonomous driving and advanced mobility services by making one of the biggest investments of any automaker in its future. Hyundai will invest 61.1 trillion won ($51.81 billion) between 2020 and 2025 for research and development in advanced mobility.

Eric Walz2019-12-04 11:05 PT

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