financetom
Business
financetom
/
Business
/
Alphabet's Waymo to expand robotaxi fleet with Hyundai EVs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Alphabet's Waymo to expand robotaxi fleet with Hyundai EVs
Oct 4, 2024 3:32 AM

SAN FRANCISCO (Reuters) - Alphabet's Waymo will add electric vehicles from South Korea's Hyundai Motor ( HYMTF ) to its robotaxi fleet, the companies said on Friday, as Waymo expands in the United States.

On-road testing for IONIQ 5 SUVs - assembled at Hyundai's Georgia facility and equipped with Waymo's autonomous technology - will begin by late 2025, they said.

Waymo has about 700 vehicles in its fleet and is the only U.S. firm operating uncrewed robotaxis that collect fares.

The partnership with Hyundai comes days before Tesla CEO Elon Musk is set to unveil plans for a robotaxi product that is expected to use a custom-built vehicle. Musk may also discuss plans for his company to run a ride-hailing platform that will allow Tesla owners to list their vehicles when not in use.

Waymo now uses I-PACE vehicles from Jaguar Land Rover, owned by India's Tata Motors. Waymo is also testing its technology using vehicles from Zeekr, the EV brand of China's Geely. A spokesperson for Waymo said the Hyundai partnership will not directly replace any of its current vehicle platforms.

This year, Waymo opened its service to everyone in San Francisco, without the need to join a waitlist, while expanding its operations in metro Phoenix. It also extended services to the San Francisco Peninsula and to certain parts of Los Angeles.

"The team at our new manufacturing facility is ready to allocate a significant number of vehicles for the Waymo One fleet as it continues to expand," Jose Munoz, global COO of Hyundai Motor ( HYMTF ) said in a statement. "We are actively exploring additional opportunities for collaboration."

Despite widespread skepticism, tight regulatory scrutiny and federal investigations on AV technology, Alphabet said this year it was planning a multi-year $5 billion investment in Waymo.

In August, Waymo said it had doubled its paid rides to 100,000 per week in just over three months as it expanded its areas of service and allowed more people to ride its robotaxis.

Others in the race include General Motors' ( GM ) Cruise, which is testing cars with human safety drivers after an accident last year led it to pull all vehicles from the road, and Amazon's Zoox, which is expanding testing for its vehicles built without steering wheels and pedals.  

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Norwegian Cruise orders eight new ships, biggest order in its history
Norwegian Cruise orders eight new ships, biggest order in its history
Apr 8, 2024
NEW YORK, April 8 (Reuters) - Norwegian Cruise Line Holdings ( NCLH ) has placed the largest ship order in its history to meet the growing demand for cruise travel, the cruise operator said on Monday. The company will order eight new ships across the company's three brands, scheduled for delivery between 2026 and 2036, executives told Reuters, without giving...
Microstrategy Insider Sold Shares Worth $1,140,350, According to a Recent SEC Filing
Microstrategy Insider Sold Shares Worth $1,140,350, According to a Recent SEC Filing
Apr 8, 2024
04:17 PM EDT, 04/08/2024 (MT Newswires) -- Michael J Saylor, 10% Owner, Director, Executive Chairman, on April 05, 2024, sold 688 shares in Microstrategy ( MSTR ) for $1,140,350. SEC Filing: https://www.sec.gov/Archives/edgar/data/1050446/000095017024042603/xslF345X03/ownership.xml Price: 1510, Change: -2.99, Percent Change: -0.2 ...
Mongodb Insider Sold Shares Worth $1,654,100, According to a Recent SEC Filing
Mongodb Insider Sold Shares Worth $1,654,100, According to a Recent SEC Filing
Apr 8, 2024
04:12 PM EDT, 04/08/2024 (MT Newswires) -- Cedric Pech, Chief Revenue Officer, on April 04, 2024, sold 4,726 shares in Mongodb ( MDB ) for $1,654,100. Following the Form 4 filing with the SEC, Pech has control over a total of 35,992 shares of the company, with 35,992 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1441816/000144181624000085/xslF345X03/wk-form4_1712606797.xml Price: 363.6, Change: +0.28, Percent Change:...
What's Going On With Affirm Holdings Stock?
What's Going On With Affirm Holdings Stock?
Apr 8, 2024
Affirm Holdings, Inc. ( AFRM ) shares closed higher Monday, though the stock remains down by nearly 12% over the past month. What To Know: Needham analyst Kyle Peterson initiated coverage on Affirm Holdings ( AFRM ) with a Hold rating last week, and the analyst highlighted Affirm as a long-term winner in the buy-now pay-later space. However, he noted...
Copyright 2023-2026 - www.financetom.com All Rights Reserved