Hyundai Motor Group announced on the 12th that it will acquire Portito Dot, an autonomous startup, for 420 billion won. By securing level 4 autonomous driving technology, the SDV (Software Defined Vehicle) development system early conversion and software competitiveness are strengthened and the future automobile market is taken.
Fortydot is a company that has a level 4 autonomous driving technology without a lidar. Rida fires a laser pulse and reflects from the target object. It is highly accurate, but it is expensive and consumed a lot of power.
In addition, to operate a lidar, you need to use a high-precision map, but it is not easy to produce, maintain, and repair and have a lot of data. To make a 1km radius of Lidaro, you can get up to 3GB. For this reason, Tesla is using autonomous driving technology without Lidar.
Fortitu Dot Level 4 autonomous driving technology is an artificial intelligence (AI) that integrates cameras, radars, and global navigation satellite systems (GNSS). The map also uses a lightweight map implemented with its own technology, not a high-precision map. This means that it can be commercialized at a relatively low value.
Fortitu Dot was selected as the Seoul Transport Platform provider with the relevant technology, and received a license for the No. 1 transportation No. 1 and conducted autonomous driving demonstrations in Sangam-dong area.
Hyundai Motor Group decided to acquire Portito Dot to secure this technology. It is possible to gain a discriminatory advantage from the existing autonomous driving competition using high-cost sensors such as Lida.
An official of Hyundai Motor Group said, The automotive industry paradigm is rapidly reorganizing from the existing hardware (HW) to SW. I explained.
Hyundai Motor has acquired 212,160 shares of Portito Dot at 2,746.62 billion won, with a 55.9%stake and Kia purchased 1,186,106 shares for 153.8 billion won to secure 37.3%of the stake.. The integrated stake in both companies is 93.2%.