Signing of MOU for Development of AUTOSAR-based SW Platform
Maximizing Competitiveness of Automotive Software in the Global Automotive Market

Hyundai Mobis is strengthening external collaborations to enhance its software competitiveness and secure software development capabilities that meet global standards in fields such as next-generation parking systems and autonomous driving sensors.

Hyundai Mobis announced on the 12th that it has signed a business agreement with the German company Vector for the joint development of an AUTOSAR-based software platform.

AUTOSAR is a place where major automakers, parts suppliers, and IT companies participate to establish global standards for automotive software.

Vector, a premium member of OTOSA headquartered in Stuttgart, Germany, is a leading company in the automotive software sector. It currently supplies software development tools and platforms to major global automakers and parts suppliers, including those in Europe and North America.

Development capabilities for automotive software platforms, where versatility and scalability are crucial, directly translate into product competitiveness. With the recent increase in the application of automotive software, the inclusion of standard software platforms that emphasize quality along with versatility is rapidly emerging as a key factor in product competitiveness.

Recently, many global automakers have been requiring parts suppliers to adopt AUTOSAR-based software platforms. In addition, as global automakers directly participate as members of AUTOSAR, the demand for products that adhere to industry standards established under their leadership is surging.

As such, supplying software based on the AUTOSAR standard platform not only shortens development time but also facilitates application to derivative products.

This is also why Hyundai Mobis signed an MOU with Vector. Recently, the products ordered by Hyundai Mobis from global clients are expanding from existing hardware components to advanced electronic components equipped with software.

Accordingly, there is an increased need for Hyundai Mobis to not only enhance its own software capabilities but also to collaborate with specialized AUTOSAR developers who have experience supplying standardized software platforms to existing global clients.

Hyundai Mobis and Vector expect that through this MOU, both companies will be able to maximize their competitiveness in automotive software in the global automotive market.

Hyundai Mobis can share the extensive know-how of Vector, a Premium AUTOSAR member involved in the creation of industry-standard platforms, while Vector can expand its software platform suppliers based on Hyundai Mobis's product portfolio.

The two companies plan to first incorporate software jointly developed based on the AUTOSAR standard into the development of next-generation parking systems, autonomous driving sensors, and infotainment systems.

Jang Jae-ho, Executive Vice President of Hyundai Mobis, stated, “Through the establishment of this strategic partnership, we will enhance our global software competitiveness and quality reliability, and actively pursue our transformation into a software company that leads future mobility.”

Prior to this, Hyundai Mobis has been operating a consortium since last year with domestic specialized software developers to expand the ecosystem with the goal of localizing core software platform technologies. Through this, the company plans to sequentially introduce core technologies, including those incorporating Over-the-Air (OTA) solutions, a wireless communication technology for autonomous driving.

Hyundai Mobis is expanding its software cooperation relationships with global companies, starting with Vector. Key software companies in North America and Europe that possess autonomous driving component technologies are targets for mid-to-long-term cooperation.

Meanwhile, Hyundai Mobis is also focusing on internalizing its own technology through measures such as expanding the recruitment of top software talent and operating the 'SW Academy,' an educational program designed to enhance the software capabilities of its employees.