South Korean automaker Hyundai Motor Co denied a report that it had signed a preliminary deal with Chinese technology firm Tencent Holdings to develop software for driverless vehicles, said Reuters.
Hyundai’s comments came a day after South Korea’s Maeil Business Newspaper cited unnamed industry sources, saying that the two companies planned to conduct joint research and development on safety and security systems for self-driving cars, which Hyundai seeks to roll out commercially by 2030.
Hyundai said that its cooperation with the Chinese tech giant was focused on infotainment, also called soft news, which a type of media, usually television, that provides a combination of information and entertainment.