9/3/2023 0 Comments Motional![]() Hyundai Motor has a 26 percent stake in Motional, Kia 14 percent, Hyundai Mobis 10 percent, and Aptiv 50 percent. The Korean automaker’s equity method loss due to Motional’s deficit amounts to a total of 411.1 billion won (US$316.2 million), including 99.1 billion won (US$76.2 million) in 2020, 122.9 billion won (US$94.6 million) in 2021, and 189.1 billion won (US$145.4 million) in 2022. Motional’s losses are already weighing on Hyundai Motor. It is an IONIQ 5 car with a cylindrical LIDAR device on the roof and 30 other sensors as well. Robotaxis are supposed to recognize the 360-degree environment around the car and detect road conditions up to 300 m ahead. Since its establishment in 2020, Motional has been aiming to develop and commercialize self-driving vehicles (robotaxis) based on Hyundai Motor’s electrification model. In other words, it is also said that it is difficult for Hyundai Motor’s investment in Motional to have a greater meaning than securing future technology. Autonomous driving has not been commercialized in earnest, so it is a big challenge for Motional to turn a profit. Motional’s deficit has been snowballing because its business model is limited. electric vehicle company, posted 231.5 billion won (US$178.0 million) in losses in 2020, 516.2 billion won (US$397.0 million) in 2021 and 751.8 billion won (US$578.2 million) in 2022. Motional revealed Tuesday the first images of its planned robotaxi, a Hyundai all-electric Ioniq 5 SUV that will be the centerpiece of a driverless ride-hailing service the company wants customers. In detail, the autonomous driving joint venture established by Hyundai Motor and Aptiv, a U.S. As operators of the world’s most established public self-driving. Integrating driverless vehicles onto a ride-hailing network and effectively deploying them is an inherently complex process that requires deep collaboration between the robotaxi fleet provider (Motional) and the network (Lyft). The operating loss of Motional over the past three years (2020-2022) reached a total of 1.4995 trillion won (US$1.1528 billion) according to data provided by the Financial Supervisory Service on March 25. Motional and Lyft continue legacy in Las Vegas. Due to the nature of the new business of autonomous driving, it is difficult to expect immediate profits, but the scale of the losses is so large that there are growing voices of concern. ![]() self-driving company Motional has suffered losses of nearly 1.5 trillion won over the past three years. It also offers an autonomous driving platform for robotaxi providers, fleet operators, and automotive. Hyundai Motor Company’s investment in U.S. Motional is a developer of driverless technology. ![]()
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