Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • Nikkei

    40,369.44
    +201.37 (+0.50%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Bitcoin USD

    70,101.53
    -201.34 (-0.29%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • FTSE Bursa Malaysia

    1,540.27
    +9.67 (+0.63%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

Hyundai Motor, Cisco to team up on Internet-connected car technology

The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, May 4, 2015. REUTERS/Jim Young/Files

SEOUL (Reuters) - Hyundai Motor said on Tuesday that it will partner with Cisco Systems to develop Internet-connected car technology, part of the automaker's push to develop "high-performing computers on wheels".

Auto and tech firms are increasingly forming alliances to expand services that hook cars up to Internet, particularly as the race to develop self-driving cars heats up.

Hyundai said Vice Chairman Chung Eui-sun met Cisco Chief Executive Chuck Robbins in Seoul and agreed to co-develop in-vehicle network technology for high-speed transfer of large amounts of data.

"The cooperation is part of Hyundai Motor's wider strategy to establish an industry-leading connected car platform through collaboration with leading technology partners," it said in a statement.

ADVERTISEMENT

Other alliances include Toyota Motor Corp's expansion this month of a five-year-old partnership with Microsoft Corp to develop new Internet-connected vehicle services for owners and dealers.

(Reporting by Hyunjoo Jin; Editing by Edwina Gibbs)