SUBMIT PHOTO: The logo of Hyundai Motor is seen throughout the 2017 Seoul Motor Program in Goyang, South Korea, March 31,2017 REUTERS/Kim Hong-Ji
SEOUL (Reuters) – South Korean automaker Hyundai Motor Co and Chinese technology firm Tencent Holdings have signed an initial offer to establish software application for driverless vehicles, South Korea’s Maeil Company Newspaper reported on Saturday.
Both companies plan to conduct joint research study and advancement on security and security systems for self-driving vehicles, which Hyundai seeks to roll out commercially by 2030, the report, which pointed out unnamed industry sources, said.
The agreement was signed on the sidelines of a service online forum kept in Seoul on Thursday by the South Korean government and China’s Guangdong province, it said.
Hyundai and Tencent did not provide any instant discuss the report.
The 2 companies are also checking out ways to use Tencent’s popular WeChat messaging app in establishing China-targeted cars and truck designs, the newspaper said.
Hyundai, the world’s 5th largest car manufacturer together with affiliate Kia Motors, has actually been promoting partnerships with self-driving tech and social media firms as it aims to introduce highly automated vehicles by 2020 and totally autonomous vehicles by2030
Hyundai Mobis, another affiliate of the cars and truck maker, clinched a contract last month with Russia’s biggest internet online search engine Yandex to collectively establish control systems for driverless vehicles.
Shenzhen-based and Hong Kong-listed Tencent has also ventured into self-driving tech and had actually promoted to hire engineers in Silicon Valley in 2015.
Reporting by Hyonhee Shin; Additional reporting by Hyunjoo Jin in SEOUL and Norihiko Shirouzu in BEIJING; Editing by Muralikumar Anantharaman