SEOUL -- South Korean automaker Hyundai Motor Co. on Sunday denied a report that it had signed a preliminary deal with Chinese technology firm Tencent Holdings to develop software for driverless vehicles.
Hyundai’s comments come a day after South Korea’s Maeil Business Newspaper cited unnamed industry sources on Saturday saying that the two companies planned to conduct joint r&d on safety and security systems for self-driving cars, which Hyundai seeks to roll out commercially by 2030.
Both companies had not offered any immediate comments on Saturday.
Hyundai said in a statement on Sunday that its cooperation with the Chinese tech giant was focused on infotainment. Modern cars have so-called infotainment systems on a screen below the dashboard to provide services such as navigation and music.