Hyundai Motor sets up AI research arm CoMo China

Quick Summary:

Hyundai Motor Co.in December established CoMo China in Shanghai to spearhead artificial intelligence research and development in its push for software-defined vehicles (SDVs) in the world’s largest automobile market, according to foreign media reports on Monday.

The new subsidiary with an initial equity capital of 213 million yuan ($29.4 million) is expected to strengthen Hyundai Motor’s ties with the city of Shanghai to develop future mobility based on autonomous driving and the Internet of Thing.

CoMo China will team up with the South Korean carmaker’s other R&D centers there: Hyundai Motor Group Advanced & Digital R&D Center in Shanghai set up in 2020 and Yuanti Hyundai Motor R&D center.

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Category: Economy

Markets: South KoreaChina

Topics: Units December Million Hyundai Motor Year Autonomous Driving Shanghai China Como

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 20:16:30 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 316 words

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Copyright Owner: © Korea Economic Daily

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