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Partnership

Hyundai x Aptiv (Motional joint venture)

Hyundai Motor Group and Aptiv formed Motional as a 50:50 autonomous driving joint venture valued at $4 billion; a 2024 restructuring raised Hyundai's common stake to about 67%.

joint venture · Active · operating


Machine-readable surfaces

875cc13e-719c-404d-a3d1-1bb7e1bc9510
Type
joint venture
Status
Activeoperating
Announced
2019-09-23
7.1 years ago
Active for
7.1 years

Who’s involved

Autonomous vehicle joint venture (formed 2020 from Aptiv + [Hyundai motor group](/companies/hyundai-motor-group)). Paused commercial service May 2024 during restructuring (Aptiv exiting, layoffs). Relaunched with Uber in Las Vegas March 2026 with safety operators; targeting fully driverless Level 4 by end-2026. Primary vehicle: Hyundai IONIQ 5.

HQBoston, Massachusetts, USAmotional.com1 partnerships
Hyundai Motor Companyinvestor partner

South Korean multinational automaker. [Hyundai](/companies/hyundai-group), Kia, and Genesis brands. Public company (KRX: 005380).

HQSeoul, South Koreahyundaimotor.com4 partnerships

Most-frequent partners

Aptivinvestor partner

Irish-American automotive technology company. ADAS, automated driving, and vehicle Brain. Public company (NYSE: APTV).

HQDublin, Irelandgoaptive.com1 partnerships

Most-frequent partners

Related partnerships

Other partnerships of Motional

Other partnerships of Aptiv

Recent partnerships of the same kind

Sources (2)

  1. https://motional.com/news/introducing-motional · 2020-08-11
  2. https://www.aptiv.com/en/newsroom/article/aptiv-and-hyundai-complete-motional-ownership-restructuring · 2024-05-03

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