November 24, 2024

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[THE INVESTOR] Hyundai Motor has agreed to develop connected cars joining hands with China’s Guizhou Province, the automaker said on Nov. 9.

A memorandum of understanding for cooperation was signed on Nov. 8 between the South Korean carmaker and Guizhou’s provincial government.

Under the agreement, the two sides will first set up a big data center, which will gather and analyze various transport-related data in the southwestern Chinese province that will help them develop connected cars and services for such vehicles.

“Big data is a key component in connected cars, which will also help realize fully autonomous vehicles and various other services that will make our customers’ car life much more productive and enjoyable,” Hyundai said in a press release.

The center will be opened in June 2017, becoming Hyundai‘s first-ever overseas big data center. The company opened its South Korean big data center in 2014.

Meanwhile, the company said it has also signed a separate MOU with Cisco Systems in Guizhou to jointly develop connected cars.

Under the agreement, the two companies will jointly develop and share technologies related to vehicle connectivity and security, Hyundai Motor said in a press release.

(theinvestor@heraldcorp.com)