#HYUNDAIMOBIS

Business

Hyundai Mobis Develops Radar-Based Rear-Seat Reminder Tech

Supplier claims the system is more effective than cameras and other sensors

Batteries

Hyundai/Kia to Spend Big on EVs, Mobility

The Korea-based company is making a big commitment. Make that BIG.

Autonomous Vehicles

Hyundai Mobis Develops Ultra-Short-Range Radar

Hyundai Mobis Co. says it has developed a new ultra-short-range radar said to be more effective than ultrasonic sensors for rear autonomous emergency braking systems.

Hyundai’s Genesis Unit Names New Global Chief

Hyundai Motor Co. has appointed Yong-woo (William) Lee to head its Genesis luxury car unit, effective Nov 1.

Mobility

5 Teams Plan Robo-Rides at Detroit Auto Show

Five developers of autonomous cars will offer free rides in their robotic vehicles during next year’s Detroit auto show in June.

Business

Hyundai Mobis Teams with Velodyne on Lidar Tech

Hyundai Mobis Co. has agreed to work with Velodyne Lidar Inc. to supply lidar systems for Level 3 autonomous vehicles, starting in 2021.

Autonomous Vehicles

Hyundai Mobis Touts Redundant Braking System

South Korea’s Hyundai Mobis Co. says it has developed a redundant brake system for use in future fully autonomous vehicles.

Business

Hyundai, Aptiv Form Autonomous Vehicle JV

Hyundai Motor Group and Aptiv plc have announced a 50:50 joint venture set up to design and develop technologies for self-driving cars.

Hyundai Mobis Targets Commercial Truck Sensor Market

Hyundai Motor Co.’s Hyundai Mobis parts affiliate will begin supplying its own radar and camera sensors for use in Hyundai commercial trucks next month, the Korea Herald reports.

Production

Russia’s Yandex to Test Autonomous Cars with No Drivers

Russian internet and ride-hailing provider Yandex NV says it will begin commercial service in August with five self-driving cars that don’t have a backup driver on board, Automotive News reports.

Autonomous Vehicles

Report: Hyundai, Tencent Partner on Software for Autonomy

Hyundai Motor Co. and China’s Tencent Holdings Ltd. have tentatively agreed to co-develop software for self-driving vehicles, sources tell South Korea’s Maeil business daily.

Business

Hyundai Prevails in Activist Proxy Fight

Hyundai Motor Group shareholders have rejected a proposed board overhaul and bonus dividend proposed by activist hedge fund Elliott Management Corp.

Business

Hyundai Mobis Partners with Russian Firm on Robo-Taxis

Hyundai Mobis Co. has agreed to partner with Russian tech giant Yandex NV to develop an autonomous vehicle platform. 

Business

Hyundai Picks Up Key Support in Proxy Fight

Hyundai Motor Co. and its parts affiliate Hyundai Mobis gained the support of a key shareholder today in their effort to fend off proxy proposals by activist U.S. hedge fund Elliott Management Corp.

Business

Hyundai Mobis, KT Test 5G Tech

Hyundai Mobis Co. is partnering with KT Corp. to develop and test 5G cellular-based vehicle-to-everything applications in South Korea.

Business

Hyundai Offers $1.5 Billion in Aid to Suppliers

Hyundai Motor Group has pledged 1.7 trillion won ($1.5 billion) over five years to help its small and medium-size suppliers stabilize their businesses and invest in new technologies.

Fuel Cells

Hyundai to Invest $6.7 Billion on Fuel Cell Vehicles

Hyundai Motor Co. and its suppliers plan to invest a combined 7.6 trillion won ($6.7 billion) by 2030 to develop next-generation fuel cell vehicles and related technologies.

Business

Hedge Fund Wants Hyundai to Return $10.6 Billion to Shareholders

Activist U.S. hedge fund Elliott Management Corp. is urging Hyundai Motor Co. and its affiliates to return $10.6 billion of capital to shareholders.

Hyundai Names Interim CEO for Americas

Hyundai Motor Co. has named long-time executive Yong-woo (William) Lee to serve as interim president and CEO of its Americas operation.

Business

Elliott Revives Restructuring Plan for Hyundai

U.S. activist investor Elliott Management Corp. is renewing its bid to force Hyundai Motor Group to simplify its circular ownership structure.

Hyundai, Wind River Target Integrated Software Platform

Hyundai Motor Co. and Wind River Systems Inc. plan to co-develop a streamlined software platform for advanced vehicle technologies.

Design

Hyundai Mobis Invests in AI-Based Camera Tech Firm

Hyundai Mobis Co.  is investing 8 billion won ($7.2 million) in StradVision Inc., a South Korean startup that specializes in deep learning-based camera image detection technology.

Hyundai Mobis Steers Toward Redundant Autonomy

South Korea’s Hyundai Mobis Co. is developing an electric power steering system with redundant controls to ensure safe operation is maintained in future self-driving vehicles.

Hybrid

VW, Hyundai to Collaborate on Fuel Cell Tech

Hyundai Motor Group and Volkswagen AG have signed a cross-licensing agreement under which the companies will cooperate on fuel cell vehicle components and technologies.