South Korea's top automaker Hyundai Motor Group is joining arms with an automotive technology firm in the U.S. to develop autonomous car technologies.<br />Hyundai hopes to have production-ready, driverless cars actually on the roads of South Korea and beyond by the end of 2022.<br />Kim Hyesung reports. <br /> Hyundai Motor Group will set up a four billion U.S. dollar joint venture with Aptiv PLC, with both parties taking a 50 percent ownership stak in the new company.<br />The new entity will work to design, develop and commercialize autonomous vehicles.<br />In a statement Monday, Hyundai Motor Group said Hyundai Motor, Kia Motors and Hyundai Mobis will contribute a combined 1-point-six billion in cash and 400 million dollars in areas like engineering services and R&D. <br /> Automotive technology company Aptiv on the other hand will provide its autonomous driving technology, intellectual property, and about 700 employees focused on the development of autonomous driving solutions.<br />The companies will appoint an equal number of directors in the venture, which will be based in Boston... with technology centers across the U.S., and Asia, including Korea. <br /> This marks the biggest bet made by Hyundai Motor Group and the venture will begin testing fully driverless systems in 2020 and have a production-ready autonomous driving platform by 2022.<br /> Hyundai said in February it plans to invest over 12 billion dollars in areas such as autonomous driving technologies, vehicle electrification and mobility services by 2023.<br />Kim Hyesung, Arirang News. <br />
