Hyundai Motor Company and Avride have agreed to jointly develop autonomous vehicles in a tie up that will deepen the relationship between the two

Hyundai Motor Company has signed a memorandum of understanding with Yandex spinoff Avride to accelerate autonomous mobility. Under the partnership, both the firms will jointly develop and operate vehicles capable of fully autonomous driving.

Avride has partnered with Hyundai Motor Co to expand its fleet of robotaxis, and signed a deal with the South Korean automaker to jointly develop and operate self-driving vehicles, the companies said on Wednesday.

Hyundai is teaming up with Yandex spinoff Avride to jointly develop fully driverless cars for autonomous ridehailing, the companies announced today. The partnership will enable Avride to deploy 100 Hyundai Ioniq 5 SUVs retrofitted with autonomous driving technology this year.