Hyundai Motor, KT enhance partnership on future mobility tech


Hyundai Motor and KT plan to kind and function a committee to advertise future new tasks and superior analysis

Korean automotive maker Hyundai Motor Group stated it should develop its strategic partnership with compatriot telecom operator KT Company (KT) to additional collaborate sooner or later mobility market.

In a launch, Hyundai Motor Group introduced that it’ll push for intensive cooperation in next-generation communication infrastructure and ICT, together with joint analysis with KT on 6G autonomous driving expertise and Superior Air Mobility (AAM) communication community based mostly on satellite tv for pc communication.

Along with joint superior analysis on future applied sciences, the 2 events may also diversify their enterprise partnership areas in 5G communication network-based, custom-made related automotive companies and safety communication module expertise collaboration by exchanging present core competency of respective celebration.

Hyundai Motor Group and KT agreed to deal with advancing automobile applied sciences within the discipline of connectivity space, which is the premise for realizing MECA (Mobility Service, Electrification, Connectivity, Autonomous).

The events famous that connectivity is a key ingredient of MECA, which allows clean expertise operation solely when a secure high-quality communication community is supported. To this finish, the worldwide vehicle business is competing to safe associated applied sciences by partnerships with telecom operators.

The 2 events agreed to accumulate mutual shares by treasury inventory trade to be able to create synergy in future companies, improve the execution and sustainability of mutual cooperation, and strengthen long-term partnerships.

Underneath the share swap offers, KT will trade its personal 7.7% stake price about KRW 750 billion ($541 million) with a 1.04% stake in Hyundai Motor Co. and a 1.46% stake in Hyundai Mobis Co..

As well as, Hyundai Motor and KT plan to kind and function a tentatively named Enterprise Cooperation Committee to advertise future new tasks and superior analysis that require steady cooperation in addition to trade of core capabilities from a mid- to long-term perspective.

Hyundai Motor Group stated it should cooperate with KT to safe future autonomous driving applied sciences in preparation for the period of self-driving autos. The group plans to collectively develop 6G communication requirements optimized for self-driving automobiles to preoccupy next-generation ultra-gap applied sciences.

“Superior communication community is essential in autonomous autos as clean and seamless information processes are required as a result of elevated connectivity of autos. Hyundai Motor Group and KT are planning to develop next-generation 6G communication-based autonomous driving expertise that may course of giant quantities of knowledge at a sooner tempo by demonstration tasks and superior joint analysis works,” Hyundai Motor stated. “The information transmission pace of 6G is as much as 50 occasions sooner than that of 5G. It’s anticipated that it’ll significantly contribute to enhancing the technical stability of varied future mobility, together with totally autonomous autos and AAM that must course of super-large quantities of knowledge extra shortly, comparable to real-time data assortment inside seconds.”

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