Hyundai Invests In Israeli Auto Tech Firm Autotalks - FbiCables Network | The News that Shapes World Opinion

Top Stories

Wednesday, July 04, 2018

Hyundai Invests In Israeli Auto Tech Firm Autotalks


FILE PHOTO - Logo of South Korean car manufacturer Hyundai is seen in Dietlikon
FILE PHOTO: The logo of South Korean car manufacturer Hyundai is seen at a car dealer in Dietlikon, Switzerland October 11, 2016. REUTERS/Arnd Wiegmann/File Photo
July 4, 2018
TEL AVIV (Reuters) – Hyundai Motor Co said on Tuesday it was partnering with Autotalks, an Israeli provider of vehicle to everything (V2X) communication technology for improving road safety.
Hyundai said it invested in Autotalks to accelerate the development of the next generation chipset for connected cars.
The South Korean carmaker did not disclose the size of the investment but an Israeli industry source said it was several million dollars.
Hyundai said it is expanding partnerships for connectivity technology vital to autonomous driving.
In manned vehicles, V2X systems convey important information to the driver in the form of alerts and notifications while in autonomous vehicles it complements existing sensors, allowing them to make more informed decisions.
Prior to Hyundai’s investment, Autotalks had raised more than $80 million.

No comments:

Post a Comment