Hyundai in talks with Google on developing self-driving cars
Hyundai President Jeong Jin Haeng said this week his company is talking to Alphabet's Google unit about helping it develop a self-driving car.
The world's fifth largest automaker hopes to enter into a symbiotic relationship, where it will bring its manufacturing prowess to Google and the Silicon Valley giant will help the automaker's autonomous technology development.
"Hyundai is lagging behind the competition to develop autonomous vehicles," Ko Tae Bong, senior auto analyst at Hi Investment & Securities Co, told Bloomberg News. "It's not a choice but a critical prerequisite for Hyundai to cooperate with IT companies, such as Google, to survive in the near future."
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