On March 20th, Hyundai Mobis announced that it has entered into an MOU for joint development of an AI-based autonomous driving platform with Yandex, one of the Europe’s largest Internet companies that build intelligent products and services powered by machine learning.

The essence of the MOU is to jointly develop an AI-based fully autonomous vehicle platform and to provide unmanned mobility services like robotaxis. Starting with this cooperation, the two companies anticipate to expand the scope of the mutual cooperation to include artificial intelligence technologies for voice and video recognition, as well as infotainment technologies. It is the first time that Hyundai Mobis has signed an MOU with a global IT company.