Waymo $GOOGL (+0,99%)
considers partnership with Hyundai $HYUD (+2,21%)
for self-driving cars
Alphabet Inc's Waymo, known for its advances in autonomous driving technology, is currently in talks with Hyundai Motor to produce autonomous vehicles. This collaboration could utilize Hyundai's Ioniq 5 electric vehicles for Waymo's upcoming sixth generation of self-driving technology. The negotiations have already included several meetings between representatives of both companies.
At the center of the discussions is a potential shift from Waymo's current partnership with Chinese company Zeekr to the Ioniq 5 models. This potential change of course follows recent measures by the US government, which last week confirmed significant tariff increases on Chinese imports. These include a 100% levy on electric vehicles, which is due to come into force on September 27, 2024.