HMG to invest $12.6 billion in software development for its 2030 connectivity vision

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[Photo by MK DB]

Hyundai Motor Group will add an over-the-air software update function to all new releases next year, accelerating its efforts to connect nearly 20 million vehicles globally with its software program by 2025 to become a leader worldwide in mobility software with 18 trillion won ($12.6). billion) of investments by 2030.

The South Korean auto conglomerate on Wednesday announced its “Software Defined Vehicle” vision to keep all its vehicle models from 2023 up to date. As part of its vision, it aims to enable free and remote upgrade of the performance and functionality of all its vehicles, anywhere and anytime.

The connected car operating system will also offer personalized services, and the group plans to introduce this subscription-based service on select models next year.

The number of connected vehicles under Hyundai Motor Group brands is expected to reach 10 million units by the end of this year. The group expects that number to grow to 20 million units worldwide by 2025.

For the software-defined vehicle vision, Hyundai Motor Group will apply its common hardware and software platform to its vehicles. This will improve vehicle development efficiency and reduce manufacturing costs by nearly 20 percent, he said.

Chairman of Hyundai Motor Euisun Group. [Source: Hyundai Motor Group]

Chairman of Hyundai Motor Euisun Group. [Source: Hyundai Motor Group]

As many as 20 million units of connected vehicles on the roads around the world will create big data, spanning the entire vehicle life cycle, from design to driving and marketing.

Hyundai Motor Group will use deep learning technology to select useful data from this accumulated data which can be used to create new business opportunities and forge business partnership with other industries such as logistics and accommodation. while developing related devices and solutions.

To lead the future mobility market with software development, it will build a global software center, develop technology into new businesses such as connectivity and autonomous driving, and find strategic capital investment targets among startups. and research institutes.

He will actively recruit engineers and software experts from his country, the United States and Europe and expand related technology development divisions.

To improve its software competitiveness, Hyundai Motor Group will invest 18 trillion won by 2030.

By Lee Yu-sup and Lee Ha-yeon

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]

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