Hyundai Motor denies tie-up with Tencent on driverless car software

South Korean automaker Hyundai Motor Co on Sunday denied a report that it had signed a preliminary deal with Chinese technology firm Tencent Holdings to develop software for driverless vehicles.

Hyundai said in a statement on Sunday that its cooperation with the Chinese tech giant was focused on infotainment. Image source: Reuters

South Korean automaker Hyundai Motor Co on Sunday denied a report that it had signed a preliminary deal with Chinese technology firm Tencent Holdings to develop software for driverless vehicles.

Hyundai`s comments come a day after South Korea`s Maeil Business Newspaper cited unnamed industry sources on Saturday saying that the two companies planned to conduct joint research and development on safety and security systems for self-driving cars, which Hyundai seeks to roll out commercially by 2030.

Both companies had not offered any immediate comments on Saturday.

TRENDING NOW

Watch this Zee Business video here:

Hyundai said in a statement on Sunday that its cooperation with the Chinese tech giant was focused on infotainment. Modern cars have so-called infotainment systems on a screen below the dashboard to provide services such as navigation and music.

TAGS:

Hyundai Motor