Hyundai to invest $13 bn in software development push

Hyundai Motor said it plans to invest 18 trillion won ($13 billion) by 2030, in resources, including a new global software center to power its software capabilities and accelerate Software Defined Vehicle development.
Hyundai and car technologyHyundai aims to offer software updates to all vehicle customers across the globe as part of Connected Car Services business. The South Korean carmaker will make the software investment  to launch most of its new vehicles as software defined vehicle (SDV) in global markets from 2025 and ensure that all vehicles can receive OTA software updates.

Hyundai Motor Group aims to regularly update the performance and function of all vehicles to be sold globally from 2025 as it seeks to morph into a future mobility solutions provider, reports Yonhap news agency.

Currently, customers need to visit after-sales service centers to update their vehicles’ software programs. But wireless updating services will be available for SDVs and their residual value will remain high, a Hyundai official said.

Hyundai Motor will make all vehicles to be launched from 2023, including combustion engine and all-electric models, receive wireless software updates.

Hyundai will spend in developing autonomous driving technology, improving connectivity services, and building a big data center.

The company expects the number of vehicles that have registered for Hyundai’s connected car services to jump to 20 million in 2025 from an estimated 10 million at the end of this year.

Hyundai is working with NVIDIA, a global leader in AI computing, collaborating on loading an optimized ccOS onto NVIDIA DRIVE, a high-performance information processing semiconductor.

Hyundai plans to significantly reduce the time required for all mass-production processes, including planning, design, and manufacturing, by developing a shared hardware and software platform for vehicles. This will enable vehicle components to be shared across different vehicle segments, leading to more efficient vehicle development and greater cost reductions.

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