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Hyundai Motor and Waymo have entered into a strategic partnership for the integration of Waymo’s sixth-generation autonomous technology, the Waymo Driver, into Hyundai’s Ioniq 5 electric vehicles. This partnership will see a significant volume of Ioniq 5 EVs equipped with Waymo’s self-driving technology over multiple years to support Waymo’s robotaxi business. Waymo, known for operating the only commercial robotaxi service in the U.S., Waymo One, aims to enhance its fleet with the addition of the Ioniq 5 vehicles. Initial testing is expected to begin by late 2025, with the vehicles becoming available to Waymo One riders in the following years. The financial terms of the partnership have not been disclosed, but Waymo will purchase and own the vehicles. This collaboration marks the first phase of a partnership that may expand in the future, according to José Muñoz, Hyundai’s chief operating officer. The Ioniq 5 is also being utilized by autonomous vehicle startup Motional, a joint venture between Hyundai and Aptiv, with no impact on the Waymo partnership.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
