<div>
  <ul>
    <li>
      <p>
        Hyundai Motor has launched the &ldquo;NorCAL ZERO Project,&rdquo; an initiative that aims to bring zero-emission freight transportation to the San Francisco Bay Area and Central Valley in California. The project aims to reduce carbon emissions by over 24,000 metric tons through the deployment of hydrogen fuel-cell technology.
      </p>
    </li>
    <li>
      <p>
        Partners of the NorCAL ZERO Project include various private and public entities including the Center for Transportation and the Environment (CTE), GLOVIS America, East Bay Municipal Utilities District, FirstElement Fuel (FEF), Pap&eacute;, and the University of California.
      </p>
    </li>
    <li>
      <p>
        Under the project, the company has rolled out 30 &ldquo;8 XCIENT Fuel Cell,&quot; hydrogen-powered trucks in California. The delivery is reportedly the largest commercial deployment of Class 8 hydrogen-powered fuel-cell electric trucks in the US.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.prnewswire.co.uk/news-releases/hyundai-motor-spearheads-us-zero-emission-freight-transportation-with-norcal-zero-project-launch-302135218.html">
      Press release
    </a>
  </p>
</div>


Truck Industry Tech

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 <p>Hyundai Motor launched the “NorCAL ZERO Project” to introduce zero-emission freight transportation to the San Francisco Bay Area and Central Valley in California, aiming to decrease carbon emissions by above 24,000 metric tons by using hydrogen fuel-cell technology.</p>
 <p>The project’s partners comprise of private and public entities such as the Center for Transportation and the Environment (CTE), GLOVIS America, East Bay Municipal Utilities District, FirstElement Fuel (FEF), Papé, and the University of California.</p>
 <p>As part of the project, Hyundai unleashed 30 “8 XCIENT Fuel Cell" hydrogen-powered trucks in California. This release is acknowledged as the largest commercial deployment of Class 8 hydrogen-powered fuel-cell electric trucks in the US. </p>
</div>

Hyundai Motor launches NorCAL ZERO Project to enable zero-emission freight transportation

Automation and robotics are finally creating solutions for the complexities of doorstep deliveries.

Last-mile Delivery Automation

ANALYST_QUICK_TAKE

<div>
 <p>Hyundai plans to invest nearly USD 1 billion in the Hyundai-Aptiv autonomous vehicle joint venture, Motional. This investment will provide the startup capital for continued operations. The specifics of the deal include Hyundai injecting USD 475 million directly into the joint venture and buying additional equity worth USD 448 million from its partner Aptiv. As a result, Hyundai will gain an 85% majority stake in Motional.</p>
 <p>Aptiv, which formerly held half the stakes in Motional, is diminishing its investment due to the expensive costs and extensive timeframe required to commercialize robotaxis.</p>
 <p>The completion of this deal is expected to occur by the third quarter of 2024, pending approval from regulatory bodies and customary closing conditions.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Motional, resulting from a <a href="https:<br>
//techcrunch.com/2019/09/23/aptiv-and-hyundai-form-new-joint-venture-focused-on-autonomous-driving/"> USD 4 billion collaboration </a> between Hyundai and Aptiv, is working on commercializing autonomous taxis by 2024. However, the funding situation for Motional became uncertain as Aptiv decided to cut stake and discontinue future funding <a href="https:<br>
//sp-edge.com/updates/26156"> in January 2024, </a> leaving Hyundai as the primary backer unless Motional attracted additional investors. We believe the new funds injected by Hyundai would help the company’s continued operations. Motional also secured a bridge loan to meet temporary financial needs <a href="https:<br>
//sp-edge.com/updates/27629"> in March 2024. </a> The broader robotaxi industry is marked by uncertainty and gradual progress toward commercial viability, with incumbents like Alphabet’s Waymo <a href="https:<br>
//sp-edge.com/updates/28523"> expanding its services </a> and others like GM’s Cruise <a href="https:<br>
//sp-edge.com/updates/28329"> recovering from setbacks. </a></p>

Motional receives USD 448 million from Hyundai; Hyundai to buy out stake from Aptiv for controlling 85% interest

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

<div>
 <p>Hyundai is set to invest approximately USD 1 billion in Motional, a Hyundai-Aptiv autonomous vehicle joint venture. This investment will consist of a direct payment of USD 475 million and the purchase of additional equity worth USD 448 million from Aptiv. This will result in Hyundai owning 85% of Motional.</p>
 <p>Aptiv, which previously held 50% of the shares in Motional, will reduce its investment due to the high costs and extended time needed to commercialize robotaxis.</p>
 <p>The transaction is expected to be finalized by the third quarter of 2024, pending regular regulatory approvals and closing conditions.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> Motional, resulting from a <a href="https:<br>
//techcrunch.com/2019/09/23/aptiv-and-hyundai-form-new-joint-venture-focused-on-autonomous-driving/"> USD 4 billion collaboration </a> between Hyundai and Aptiv, is working on commercializing autonomous taxis by 2024. However, the funding situation for Motional became uncertain as Aptiv decided to cut stake and discontinue future funding <a href="https:<br>
//sp-edge.com/updates/26156"> in January 2024, </a> leaving Hyundai as the primary backer unless Motional attracted additional investors. We believe the new funds injected by Hyundai would help the company’s continued operations. Motional also secured a bridge loan to meet temporary financial needs <a href="https:<br>
//sp-edge.com/updates/27629"> in March 2024. </a> The broader robotaxi industry is marked by uncertainty and gradual progress toward commercial viability, with incumbents like Alphabet’s Waymo <a href="https:<br>
//sp-edge.com/updates/28523"> expanding its services </a> and others like GM’s Cruise <a href="https:<br>
//sp-edge.com/updates/28329"> recovering from setbacks. </a></p>

Information to create a more efficient, cleaner and safer way to travel in the city of the future

Smart Mobility Information

<div>
 <p>Hyundai Motor Group and Dutch government forces have established a partnership aimed at enhancing smart mobility and connectivity services across Hyundai and Kia vehicles. </p>
 <p>Through this collaboration, these vehicles will have direct access to real-time safety and traffic data directly from Dutch traffic systems. </p>
 <p>The Netherlands-based drivers who opt for the connected car service for their Hyundai and Kia automobiles will experience the convenience of wireless software updates. Employing over-the-air (OTA) technology, these updates will roll out starting from Q4 2024, paving the way for safer and more intelligent vehicle features.</p>
</div>

Hyundai Motor Group partners with the Dutch government to facilitate smart mobility and connectivity services

Clean, congestion-free air travel gets liftoff

Passenger eVTOL Aircraft

<div>
 
 <p>Hyundai's eVTOL division, Supernal, unveiled the S-A2, an electric vertical takeoff and landing prototype expected to launch by 2028 for commercial air taxi services. The S-A2 is designed to cruise at 120 mph, reach an altitude of 1,500 feet, and have enough battery capacity for 25 to 40 miles. Its unique features include an egg-shaped cabin and eight tilt rotors.</p>
 
</div>

Hyundai launches electric air taxi concept

<div>
 
 <p>Mobinn, a Hyundai offshoot, revealed its stair-climbing delivery bot at CES 2024. The delivery bot's unique features include flexible wheels, an articulating internal frame, range of sensors, and quad motors for each wheel, enabling it to navigate steps and curbs. The company boasts that the robots can climb stairs for eight hours without stopping and are currently in trial phases in South Korea.</p>
 
</div>

Mobinn introduces stair-climbing delivery robot

<div>
 <p>Hyundai and Kia are collaborating with Samsung Electronics in a strategic partnership to offer integrated Car-to-Home and Home-to-Car services. This agreement will empower Hyundai and Kia customers to manage digital appliances via their car's infotainment systems in tandem with Samsung's IoT platform, SmartThings. Electric vehicle owners can avail the integrated home energy management service by SmartThings to regulate electricity usage and decide ideal charging periods. The companies aim to broaden their services for international customers through OTA and USB-based updates for existing and new vehicles.</p>
</div>

Hyundai and Kia partner with Samsung to offer connected mobility solutions

<p>Hyundai Motor Group and Motional are collaborating to co-develop autonomous, all-electric IONIQ 5 robotaxis at Hyundai's innovation center in Singapore. The robotaxis will be deployed in Motional's commercial service in the US starting in 2024.</p><p>The IONIQ 5 vehicles will integrate Motional's driverless technology during assembly to meet US Federal Motor Vehicle Safety Standards (FMVSS). They will have a steering wheel and pedals for human takeover when necessary.</p><p>The vehicles have passed testing and some models are already in the US.</p><p><strong>Analyst QuickTake:</strong> Motional is currently conducting pilot programs primarily in Las Vegas, Nevada, offering its services on platforms such as <a href="https://sp-edge.com/updates/13614">Uber, </a><a href="https://sp-edge.com/updates/12419">Lyft, </a>and <a href="https://motional.com/news/motional-and-launch-demand-robotaxi-service-las-vegas">Via. </a>With the imminent production of ready-to-deploy vehicles, there is an optimistic outlook for Motional to enhance and expand its operational scale.</p>

Hyundai and Motional partner to co-develop production-ready IONIQ 5 robotaxis in Singapore

<div>
  <ul>
    <li>
      <p>
        Hyundai has partnered with Amazon to integrate the Alexa Built-in experience into Hyundai vehicles. Hyundai’s newer models from 2025 will feature Amazon’s Alexa for a hands-free experience, enabling users to enjoy home-like Alexa capabilities in its cars.
      </p>
    </li>
    <li>
      <p>
        On a separate note, Amazon will also launch online vehicle sales for Hyundai in the US in 2024, with Amazon providing a platform for auto dealers to sell Hyundai’s models. Hyundai will utilize Amazon Web Services (AWS) to optimize various business operations, like manufacturing, supply chain, and customer engagement.
      </p>
    </li>
  </ul>
</div>

Hyundai partners with Amazon to integrate Alexa Built-in experence into Hyundai vehicles

The 2024 Genesis GV80 models will feature an enhanced in-vehicle infotainment system through a collaboration between Hyundai-Kia Motors, LG Electronics, and YouTube. This will be achieved by integrating the webOS content platform, which is based on LG's operating system for smart TVs. Passengers will be able to access various services including YouTube and over-the-top (OTT) content.

All Updates

Hyundai Motor launches NorCAL ZERO Project to enable zero-emission freight transportation

Motional receives USD 448 million from Hyundai; Hyundai to buy out stake from Aptiv for controlling 85% interest

Motional receives USD 448 million from Hyundai; Hyundai to buy out stake from Aptiv for controlling 85% interest

Hyundai Motor Group partners with the Dutch government to facilitate smart mobility and connectivity services

Hyundai launches electric air taxi concept

Mobinn introduces stair-climbing delivery robot

Hyundai and Kia partner with Samsung to offer connected mobility solutions

Hyundai and Motional partner to co-develop production-ready IONIQ 5 robotaxis in Singapore

Hyundai partners with Amazon to integrate Alexa Built-in experence into Hyundai vehicles

Hyundai-Kia Motors, LG Electronics, and YouTube partner to enhance in-vehicle infotainment systems

Truck Industry Tech

Hyundai Motor launches NorCAL ZERO Project to enable zero-emission freight transportation

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