Hyundai and Kia to invest in self-driving car software start-up Aurora

Hyundai Motor Co said on Thursday it would invest in self-driving car software startup Aurora along with Kia Motors Corp to speed up the development of autonomous vehicle technologies.

Hyundai and Kia to invest in self-driving car software start-up Aurora

Hyundai Motor Co said on Thursday it would invest in self-driving car software startup Aurora along with Kia Motors Corp to speed up the development of autonomous vehicle technologies.

"With the new investment, the companies have agreed to expand research to a wide range of models and to build an optimal platform for Hyundai and Kia`s autonomous vehicles, Hyundai said.

Financial terms of the investment were not disclosed.  Aurora, which just announced a partnership with Fiat Chrysler Automobiles, competes with Alphabet`s Waymo and General Motors` majority-owned Cruise, among others.

Written By: Reuters
Updated: Thu, Jun 13, 2019
07:40 AM IST
New Delhi, Reuters
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