Netradyne established in 2015 has developed driving technology solutions by leveraging artificial intelligence and big data analytics. Its focus is to develop a system to manage the entire autonomous driving with image recognition technology to record drivers and road conditions.

 

The latest agreement follows Hyundai Motor Group’s partnership with Aptiv to form a $4 billion autonomous driving joint venture to formulate a production-ready autonomous driving platform. With this agreement, Hyundai and Netradyne will team up to develop Level 3+ advanced driver assistance systems (ADAS) and autonomous driving solutions.

 

Netradyne has already recorded 3.5 million miles of paved roads in the U.S. through AI and professional drivers. The data includes a lot of passes over the same roads to provide more insights for further development of autonomous vehicles, according to Hyundai Motor Group.

 

Netradyne’s technology will also support Hyundai’s advancement of Level 4+ self-driving cars that can drive without any human interaction. Hyundai Motor Group is also envisioned to develop a high precision map for self-driving vehicles.

 

Global market research firm IHS Markit estimates that 33.7 million autonomous vehicles will be sold each year worldwide by 2040. Hyundai Motor Group is pursuing commercialization of Level 4 autonomous driving systems in limited areas such as state-designated smart cities by 2021.

 

Hyundai Motor Group already obtained a license to test run its autonomous driving vehicles on expressways in Nevada in December 2015. It also came to be the first to obtain a license to test autonomous driving in Korea in March 2016.

 

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