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Technology Hyundai is investing $35 billion in autonomous driving and electric cars

17:51  15 october  2019
17:51  15 october  2019 Source:   cnn.com

Hyundai goes retro-futuristic with its 45 EV concept

Hyundai goes retro-futuristic with its 45 EV concept Hyundai has taken the wraps off the "45," a retro-styled vehicle meant to show where it's going with future EVs. Teased last month, the styling is inspired by the 1974 Pony Couple Concept, the progenitor of Hyundai's popular Pony econo-mobile. The name "45" is thus a play on the anniversary of the original concept, and also a nod to the 45-degree angles on the roofline and other parts of the car. It also takes cues from 1920s art deco styling, the company said. Like many other concepts these days, the wide, squat car uses dot matrix lighting beneath the hood and truck, and features an illuminated Hyundai logo.

Hyundai Motor Group said it plans to invest 41 trillion won ($ 35 billion ) in mobility and other auto technologies by 2025, part of which will be directed to The plan, which Hyundai said encompasses autonomous , connected and electric cars as well as technology for ride-sharing, comes after the

Hyundai Motor Group said on Tuesday that it plans to invest 41 trillion won (.65 billion ) in mobility technology and The plan, which Hyundai said encompassed autonomous , connected and electric vehicles It said Korea lags behind in self- driving car software and key parts like sensors and chips

Hyundai does not intend to be left behind in the high-stakes race to build mass-market electric and self-driving cars.

a subway car: The Hyundai Motor Manufacturing Rus car factory, in the Kamenka industrial area.© Peter Kovalev/TASS/Getty Images The Hyundai Motor Manufacturing Rus car factory, in the Kamenka industrial area.

South Korea's largest car company said Tuesday that it plans to invest 41 trillion won ($35 billion) into "future mobility technology" by 2025.

That massive pledge puts it on par with some of the industry's top players. Volkswagen is spending €30 billion ($34 billion) over the next five years to make an electric or hybrid version of every vehicle in its lineup.

Hyundai said Tuesday it plans to release 23 kinds of electric vehicles by 2025. That would make up roughly half of its new lineup.

The Driverless Car Is Dead. Long Live the Driverless Car

  The Driverless Car Is Dead. Long Live the Driverless Car A venture between Hyundai and Aptiv shows the hype has gone out of autonomous cars – and that’s a good thing.The deal is certainly more than just fine words. Hyundai will be contributing $1.6 billion in cash and $400 million in services, R&D and intellectual property for its 50% share. Aptiv will hand over intellectual property and 700 employees, and the two promise they’ll have an autonomous-driving platform by 2022.

Hyundai Motor Group said on Tuesday that it plans to invest 41 trillion won (.65 billion ) in The plan, which Hyundai said encompassed autonomous , connected and electric vehicles , comes It said Korea lags behind in self- driving car software and key parts like sensors and chips, despite the

A self- driving car , also known as an autonomous vehicle (AV), connected and autonomous vehicle (CAV), driverless car , robo- car , or robotic car

The automaker has a powerful partner in its efforts to transform its business. The announcement was backed by a pledge from South Korea's government to spend 2.2 trillion won ($1.9 billion) on innovative auto technology.

"Our goal is to become the number one country for future car competitiveness by 2030," President Moon Jae-in said Tuesday, speaking at a Hyundai research center.

South Korea will "be the first in the world to commercialize autonomous driving," and a third of the cars on the country's roads in the next decade should be electric or hydrogen-powered, he added.

The race to get fully autonomous cars on the roads is underway globally, and carmakers are under pressure to either get on board or risk getting left behind.

Japan's SoftBank has invested billions in partnerships with Toyota and GM to help develop driverless cars. Ford and Baidu have teamed up to develop self-driving cars in China. And Volkswagen started testing electric cars fitted with autonomous technology on a section of Hamburg's streets.

But the effort is also expensive, eating into carmakers' profits at a time when auto sales are dwindling globally.

— Sophie Jeong contributed reporting.

Honda will sell only electric and hybrid cars in Europe from 2022 .
The Japanese carmaker announced Wednesday that it will sell only electric and hybrid vehicles in Europe starting in 2022, three years earlier than previously planned. Honda said that the accelerated timetable reflects its confidence in green technology and regulatory changes that have upended the industry in Europe. "The pace of change in regulation, the market, and consumer behavior in Europe means that the shift towards electrification is happening faster here than anywhere else," said Tom Gardner, senior vice president at Honda.

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