Hyundai Motor Executive Vice President and Chief Marketing Officer Cho Won Hong speaks at the 2019 Consumer Electronics Show in Las Vegas.Hyundai Motor Group plans to spend $35 billion over the next five years on self-driving and alternative mobility ventures as part of a larger South Korean initiative to commercialize autonomous transport fleets before any other country.
South Korean President Moon Jae-In has said that his country has the chance to become the world leader in batteries, hydrogen, semiconductor and information technology in general. Moon also predicted on Tuesday that self-driving cars will account for half of all new cars on South Korea’s roads by 2030.
South Korean government officials told Reuters that they expect Hyundai to launch Level 4 cars in fleets in 2024 and make them available to consumers by 2027.
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