Hyundai to develop its own chips for self-driving cars image

Hyundai is determined to implement autonomous technologies into its cars as soon as possible and, therefore, plans to produce its own sensors.

Hyundai Motor is considering developing its own computer chips and sensors used in autonomous driving, to gain fuller control over components seen as being crucial to future development of cars. South Korea’s largest carmaker currently buys parts for autonomous driving-related technologies from affiliates and other suppliers, Kim Dae Sung, director at the automaker’s automotive control system development group, said at a forum in Seoul on Tuesday, without naming the companies, but Hyundai’s biggest car parts supplier is known to be affiliated to Hyundai Mobis Co. Hyundai Motor expects fully self-driving cars to be available in 2030 and has completed the development of technology for partial automation, he said. The company is currently in the development phase of cars with a high degree of automation, he said.

Most major carmakers are working on autonomous driving and related technologies that help improve safety, from keeping cars in lanes to avoiding collisions with the use of radar sensors. The average car had $333 worth of chip content as of 2014, an increase of 11 percent in the past four years, according to Bloomberg Intelligence.

Hyundai Motor Group announced earlier this year that plans to invest in the research & development programs related to autonomous technologies almost 10 billion dollars over the next five years. This plan also includes a 2-billion-dollar contribution to the Kia’s R&D department, the country’s second largest car maker and affiliate of Hyundai Motor’s sister company, over the next three years, to develop the first of its new Advanced Driver Assistance system (ADAS) technologies and to recruit more engineers.

Via Bloomberg