Hyundai reinvents itself, invests in cutting-edge tech
By Floyd Matlala
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As the world of tech continues to give tech developers new ways to reinvent their brands and help make their mark in the world with new tech innovations, world-renowned motor company Hyundai jumps on the bandwagon with the aim to make its presence felt within the tech space.
The South Korean car manufacturer has reportedly been investing heavily in new technology with a string of partnerships, acquisitions and investments within the tech space. It also took over a robotics firm Boston Dynamics last year. We are receiving requests for co-operation in joint development of autonomous electric vehicles from various companies, but they are at an early stage and nothing has been decided, Hyundai said.
BBC News
By Justin Harper
image captionHyundai s concept electric vehicle (EV) is called Prophecy
For a few weeks this year, South Korean carmaker Hyundai was dusted with the Apple magic.
Last month Hyundai let slip that it was in talks with the maker of the iPhone to co-operate on a car project, but this week it said the talks were over.
However, this is by no means the end of Hyundai s push into technology.
The car firm has been investing heavily in new technology with a string of partnerships, acquisitions and investments within the tech space.
Its takeover of robotics firm Boston Dynamics last year was a clear indication of the direction it is taking - into cutting-edge technology.
After signs of a rebound in December, an analyst forecasts that Thailand's market will bottom out in 2021, even as volumes for the year are still expected to be down on 2020. related to Emerging markets, Vehicle markets,
However, an analyst has criticised the Malaysian government s handling of the COVID-19 crisis.
Bakar Sadik Agwan, Senior Automotive Consulting at GlobalData, said Malaysia s COVID-19 pandemic management has turned out to be weak. The country has been witnessing a spike in the number of daily cases. To contain the virus, the government re-implemented movement control order (MCO) on 12 January 2021, again bringing automotive production to a standstill, Agwan points out. Top automakers including the national car maker Perodua and Japanese giants Honda and Toyota and others had to shut their plants to comply with the government guidelines. However, the government has now reinstated automotive manufacturing to the essential services list, following which Toyota and Honda have resumed their operations in the country. The move by government makes complete economic sense and Toyota and Honda s resumption of plants is a positive news for the country s automotive sector, but damage has