Hyundai Motor will jointly develop “connected car technologies” with Cisco Systems Inc., a top global network firm in the United States.
Vice Chairman Chung Eui-sun met with CEO Chuck Robbins of Cisco and agreed to jointly develop car network technology, one of the key technologies for the connected car, Hyundai Motor Group said recently.
The Cisco CEO flew to Seoul on a company plane on May 18 to meet with Vice Chairman Chung.
Cisco is a leading global supplier of network equipment and solutions in the ICT sector. Cisco’s sales last year amounted to $49.2 billion, with net profit coming to $9 billion.
The connected car technology that will be developed jointly will transmit and receive a large quantity of data in a rapid speed in auto-to-auto; and home, office and cities will be connected to cars, which corresponds to the infrastructure that can help the expansion of connected car technology further.
The two companies will also work together on a connected car simulation project and allow Korean startups to join them to create the connected car ecosystem. They will jointly conduct studies to analyze the data flow in various different cases to come up with best technologies for future cars.
Chairman Chung said the cooperation with Cisco will help early realization of the connected car’s “new mobility paradigm.”
Hyundai Motor’s agreement with Cisco Systems to develop key technologies for connected cars is part of Hyundai’s efforts to stay ahead of global rivals in the car-of-tomorrow segment.
The in-vehicle network technology serves a key role in the development of connected cars equipped with all sorts of communication technology that aids in safe, quick and enjoyable driving.
Hyundai Motor has been seeking to become a global leader in connected and intelligent cars, which provide remote maintenance services and autonomous driving.
“Hyundai Motor will provide new values that go beyond our customers’ expectations in safety, quality and security through cooperating with Cisco. This collaboration will be a chance to bring closer the Hyundai Motor-led future of connected cars and shift paradigms of new mobility,” said Chung.
Cisco CEO Robbins also said, “Digital disruption into the automotive industry is being driven by technologies that are creating new user experiences; and our leadership in the areas of connected vehicles, security, and large-scale communication technologies will be crucial to establishing an industry-leading platform.”
Hyundai Motor recently set forth its roadmap to develop connected cars, with “Hyper-connected Intelligent Cars” concept - which aims to connect cars to everyday lives.
The South Korean auto giant seeks to pursue four main goals - smart remote maintenance service, autonomous driving, smart traffic and connectivity mobility hub - along the way, as its connected car is gradually brought to life.
Cisco Systems was founded in December 1984 by Leonard Bosack, who was in charge of the Stanford University computer science department's computers, and his wife Sandy Lerner, who managed the Graduate School of Business' computers.
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K3, to be produced in Mexico by Kia Motors.
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