Tinkware is showing strong performance. It is interpreted as being influenced by the news that Hyundai Motor Company will commercialize the world's first autonomous vehicle capable of driving at 80 km/h.
As of 9:47 a.m. on the 30th, Tinkware is trading at 15,550 won, up 6.22% from the previous day.
According to the industry, Hyundai Motor Group plans to commercialize the world's first 'Level 3' autonomous vehicle operating at speeds up to 80 km/h by the end of this year. Level 3 means the vehicle can drive itself to the destination without the driver holding the steering wheel on all highways nationwide. Previously, only Japanese Honda and German Mercedes-Benz had vehicles equipped with Level 3, but their speed limit was 60 km/h. Hyundai Motor has surpassed this limit.
Earlier, in August last year, Hyundai Motor and Kia acquired the autonomous driving software and mobility platform developer, FortyTwoDot. In April, they additionally acquired shares, investing a total of 1.05 trillion won. Hyundai Motor Group announced plans to strengthen software competitiveness by establishing a global software center through the acquisition of FortyTwoDot.
Meanwhile, Tinkware is an advanced vehicle IT technology company specializing in location-based services. It manufactures navigation systems, black boxes, tablet PCs, and more. It is also the parent company of mobility platform company iNavi Systems. iNavi Systems was finally selected for a national project regarding high-precision positioning technology, which is essential for Level 4 autonomous driving services and systems.
FortyTwoDot has invested in iNavi Systems. At that time, iNavi Systems succeeded in raising 7 billion won in Series A investment and was recognized with a corporate valuation of 50 billion won.
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