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SEOUL (Reuters) – South Korean automaker Hyundai Motor Co. and Chinese tech company Tencent Holdings have signed a preliminary agreement to develop software for driverless vehicles, the South Korean daily Maeil reported on Saturday. Business Newspaper.
The two companies plan to jointly conduct research and development on safety systems for autonomous cars, which Hyundai is seeking to deploy commercially by 2030, the report said, citing unidentified sources in the sector.
The agreement was signed on the sidelines of an economic forum held Thursday in Seoul by the South Korean government and China's Guangdong province, the paper said.
Hyundai and Tencent made no immediate comments on the report.
The two companies are also exploring ways to use Tencent's popular WeChat messaging application to develop car models for China, the paper said.
Hyundai, the world's 5th-largest automaker and its subsidiary Kia Motors, have promoted partnerships with standalone technology and social media companies to launch highly automated vehicles by 2020 and fully autonomous vehicles by 2030 .
Hyundai Mobis, another subsidiary of the automaker, signed an agreement last month with Russia's largest Internet search engine, Yandex, to jointly develop driverless vehicle control systems.
Tencent, a company based in Shenzhen and listed in Hong Kong, has also launched in self – driving technology and announced that it was recruiting engineers in Silicon Valley the following year. last.
(Hyonhee Shin Report, Hyunjoo Jin's Additional Report to SEOUL and Norihiko Shirouzu to BEIJING, edited by Muralikumar Anantharaman)
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