Hyundai and Aptiv's $4 billion venture set to develop software for robotaxis by 2022

Hyundai has formed a new partnership to develop autonomous driving software for auto makers to design their own fleet of robot taxis. The South Korean car marker has announced the $4 billion venture with Aptiv, which will design Level 4 and Level 5 production-ready self-driving systems intended for commercialization by 2022. The venture aims to further the firms' leadership position in the global autonomous driving ecosystem. Hyundai has formed a new partnership to develop a production-ready autonomous driving platform for robotaxis. The goal is to develop Level 4 and Level 5 production-ready self-driving systems intended for commercialization, which the duo said will be made available to robotaxi and fleet operators, as well as other auto makers, by 2022.