© 2018 The Associated Press. All rights reserved. Citation: Hyundai Motor invests in Southeast Asian ride-sharing Grab (2018, January 11) retrieved 18 July 2019 from https://phys.org/news/2018-01-hyundai-motor-invests-southeast-asian.html Hyundai, Aurora to release autonomous cars by 2021 Hyundai Motor is joining hands with Southeast Asian ride-hailing service Grab to break into one of the world’s fastest-growing markets. Explore further The South Korean company said Thursday that is partnering with the Singapore-headquartered company to explore joint use of Hyundai’s Ioniq electric cars, among others, to develop ride-hailing or other services.Under the partnership with Hyundai, Grab has raised more than $2.5 billion in its latest round of fundraising, which also includes Didi Chuxing, Softbank and Toyota Tsusho.Tech services companies and auto manufacturers are stepping up cooperation on self-driving, artificial intelligence and other new technologies that are reshaping the auto industry. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.