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South Korean software provider Hyundai Mobis selected Israel's Cognata, a provider of simulation software and training data for driver-assistance systems and autonomous vehicles, to test its offerings.
Cognata noted that large-scale simulation provides the only environment where autonomous vehicle technology and advanced driver-assistance systems (ADAS) can be safely tested and validated.
The deal brings Cognata's technology to one of South Korea's largest automotive groups during an incredible momentum and growth in autonomous driving and ADAS in South Korea.
Lee Chang-ik, who manages autonomous vehicle simulation in Hyundai Mobis, said Cognata would accelerate their time-to-market offerings.
According to NH Investment & Securities analyst Cho Soo-hong, Hyundai Mobis should see mid to long-term earnings growth as a key automotive electronics provider for Hyundai Motor Group, set to introduce its E-GMP EV-dedicated platform in 2021.
