Hyundai Mnsoft will collaborate with AI startup Netradyne for the development of high definition maps for next-generation vehicles, the companies announced.
Hyundai Mnsoft, a subsidiary of Hyundai Motor Group focused on navigation solutions, will leverage Netradyne's crowd-sourced deep vision technologies for the development of HD maps.
Netradyne, founded in 2015, specialises in using AI for driver and fleet safety. The startup recently won a proof of concept trial against rivals for the partnership with Hyundai.
Netradyne said its crowdsourced deep vision analytics for HD map generation was more affordable compared to the light detection and ranging (LIDAR)-based mapping of other companies. Its vision-based driver recognition safety program, dubbed Driveri, captures the driving experience and delivers the view of the driver to safety managers.
Hyundai said it will continue to make additional efforts to develop HD maps for safety in autonomous vehicles.
Hyundai Motor is collaborating with network giant Cisco to produce 'hyperconnected cars', which they say will be delivered in 2019.
The company is also partnered with Aurora Innovation in making driverless cars.
The South Korean auto-giant is partnered with SK Telecom to launch home-to-car services.
The additional investment puts the South Korean car group's investment in car-sharing company Grab in Southeast Asia to $275 million.
The startup is researching ways for vehicle vision to tackle real-world problems.
Global car giant Hyundai Motor has invested an undisclosed sum into Chinese e-scooter maker Immotor to collaborate on person mobility businesses.
Hyundai Pay will expand its Hdac blockchain services to smart home and online-to-offline areas.
SK Telecom has applied its smart energy and IoT solutions at Hyundai Motor's factory in Ulsan that produces 6,000 cars per day, and will save the car maker $2 million in energy costs per year.