Yandex and Hyundai Mobis Join Forces on Autonomous Cars
(WorldNews Netherlands)

Moscow - Seoul, March 19, 2019. Yandex (NASDAQ:YNDX), a technology company that builds intelligent products and services powered by machine learning, and Hyundai Mobis, one of the world`s largest manufacturers of automotive components, have signed a memorandum of understanding (MOU). The companies plan to jointly develop control systems for Level 4 and Level 5 autonomous vehicles, combining Yandex`s established self-driving technologies with Hyundai Mobis` extensive experience in the automotive industry. The agreement also provides that the companies may expand into other areas of cooperation such as developing joint products that integrate Yandex...