According to the U.S. Bloomberg News reported on January 4, Hyundai Motor Company is committed to research and development of driverless taxis, car manufacturers and technology companies compete with the market.
Hyundai has hired Chi Young Cho, a former senior vice president for telecommunications at Samsung, to set up a 200-person research and development team to help Hyundai Motor beat the cutting edge of technology to lead a disruptive revolution in transportation. Decline in the world's major auto markets.
Hyundai Motors, which started late in the research and development of driverless taxis, is developing automotive and software systems for driverless technology to compete with car maker Nissan, GM and Waymo, a technology company owned by Alphabet's parent company Alphabet, of which Waymo Full-automatic driving cars for the general public are coming soon.
Chi Young Cho, chief innovation officer of Hyundai Motor's strategy and technology, said: "Our most pressing task is to provide mobile travel services, and although we started late, it is not without chance."
Chi Young Cho's team got the support of Hyundai Motor Co., Ltd., and its planning blueprint covers artificial intelligence, robotics, energy storage, etc. Different from past singles, Hyundai Motor and Internet company Cisco Systems Co., Ltd. and Baidu Co., In addition, SK Telecom and Hanwha Asset Management also spent 45 million US dollars to establish a fund to invest in artificial intelligence, smart travel and fin-tech (fin-tech).
Hyundai Motor said it will speed up research and development investment, expand cooperation, has opened a data center in Guizhou, China, in 2017 in the United States opened a technology research and development center in Silicon Valley, and plans for this year's start-up investment company for Israel and Berlin.