Date: 20th March 2019
Russia’s biggest IT Company, Yandex, and the auto parts affiliate off Hyundai Motor Co, Mobis, have agreed on a venture to develop control systems for driverless cars, Yandex said on Tuesday. They signed a memorandum of understanding (MOU) on Wednesday.
The partners on this venture have claimed to finish the prototype of the driverless vehicle before this year’s end. The prototype would be based on the standard Kia or Hyundai production model cars, as said by a Yandex spokesman.
The future of this venture looks towards developing new autonomous driving control systems for car manufacturers, car-sharing services and taxi fleets.
Yandex may also extend their cooperation in areas such as developing joint products with the partners that would incorporate its speech, mapping technologies, and navigation.
The Russian company had initiated its testing of self-driving or driverless cars back in 2017. After that, it has successfully launched a fully autonomous taxi service last year the university city of Innopolis and the Skolkovo innovations center.
Arkady Volozh, CEO of Yandex said that with an agreement with Hyundai Mobis, they expect to move faster in the development of self-driving technologies. It took about two years for Yandex to go from testing to a full-fledged public robot taxi service.