🚀 ProPicks AI Hits +34.9% Return!Read Now

Hyundai to start autonomous sharing ride-sharing service in California

Published 25/10/2019, 16:04
Hyundai to start autonomous sharing ride-sharing service in California
005380
-
7203
-

(Reuters) - Hyundai Motor Co (KS:005380) will offer autonomous ride sharing services in California from next month to study consumer behaviour in an autonomous driving environment, the companies involved said on Friday.

The South Korean carmaker will team up with Pony.ai, a self-driving start-up, and mobility service provider Via to build a fleet of at least 10 Kona electric sport-utility vehicles to provide autonomous ride-sharing services called BotRide in Irvine, California.

Sequoia Capital China-backed Pony.ai, which has a partnership with Toyota (T:7203), will build self-driving systems with Hyundai, while Via will develop mobile phone applications for the service, the companies said.

While the vehicles will have self-driving functions, two safety operators will be onboard to take over if there is an emergency.

The service will start on Nov. 4.

Hyundai has announced plans to invest $35 billion (£27 billion) in mobility and other auto technologies by 2025.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.