April 20, 2024
Automobiles
Hyundai to work with Israeli engineers in mobility tech
[THE INVESTOR] Hyundai Motor said on Nov. 2 it will work with Israeli engineers to develop cutting-edge mobility technologies.
The Korean carmaker will explore Israeli startups that have expertise in such areas as artificial intelligence, sensor fusion and cybersecurity for investment and joint development, Hyundai said in a statement.
To seek such a partnership with local firms, Hyundai will establish the Open Innovation Center in Israel early next year, the company said.
Korea’s largest carmaker by sales announced its partnership program with Israel at the 2017 Fuel Choices and Smart Mobility Summit, an annual event presided over by the Israeli government.
By Alex Lee and newswires (alexlee@heraldcorp.com)
