Hyundai Unveils Autonomous Vehicle In Partnership With Motional

by Shivani Kumaresan, Benzinga Staff Writer

August 31, 2021 8:13 AM | 1 min read |

Hyundai Motor Company HYMTF has unveiled the IONIQ 5-based robotaxi in partnership with the autonomous vehicle company, Motional.
The robotaxi is an SAE level 4 autonomous driverless vehicle based on all-electric Hyundai IONIQ 5 launched early in 2021.
It is Motional's first commercial vehicle and will be used in its fully driverless public ride-hail service starting in 2023 in partnership with LYFT Inc LYFT.
The robotaxi has more than 30 sensors - a combination of cameras, radars, and lidar – providing 360-degree perception, high-resolution images, and ultra-long-range detection of objects.
Price Action: HYMTF shares closed higher by 0.55% at $43.25 on Monday.