Waymo and Hyundai discuss Ioniq 5 SUVs for robotaxi service

Waymo, a subsidiary of Alphabet Inc., is reportedly negotiating with Hyundai Motor to utilize the Ioniq 5 SUVs for its robotaxi service. This development follows multiple meetings between officials from both companies at Waymo's headquarters in the U.S. The discussions are driven by Waymo's need to source vehicles for its autonomous driving technology, particularly in light of increased tariffs on electric vehicle imports from China, which has shifted their focus from Geely's Zeekr brand to Hyundai's offerings. Currently, Waymo operates its self-driving technology on vehicles like the Jaguar i-Pace and Chrysler Pacifica hybrid. The company has been experiencing significant growth, delivering over 50,000 paid trips weekly, which underscores its position as a leader in the autonomous vehicle sector. In July, Alphabet announced a substantial $5 billion investment in Waymo, aimed at enhancing its autonomous driving capabilities. S&P Global Mobility has recognized Waymo as the frontrunner in the U.S. autonomous vehicle market, projecting that sales of autonomous light vehicles could reach approximately 230,000 units by 2034. This potential partnership with Hyundai could further solidify Waymo's market position and expand its fleet of robotaxis, enabling it to meet the growing demand for autonomous transportation services. The collaboration between Waymo and Hyundai reflects a broader trend in the automotive industry, where traditional automakers are increasingly partnering with tech companies to advance autonomous driving technologies. As the market for robotaxis continues to evolve, such partnerships will be crucial for companies looking to stay competitive in this rapidly changing landscape.