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Equipment Finance News Hyundai connects with Cisco Published: 22nd April 2016 Share Hyundai Motor Company is to link up with IT and networking giant Cisco in a bid to accelerate developments in connected car technology. The car manufacturer says the cooperation is part of Hyundai Motor’s wider strategy to establish an industry-leading connected car platform through collaboration with leading technology partners. Hyundai Motor will initially focus on the next generation of in-vehicle networks at the core of connected car technology, optimizing the transmission and reception of data within the vehicle. The technology will not only transmit and receive data faster, but also allow each subsystem inside the vehicle to communicate more effectively; this is essential to enabling future connected cars to incorporate the increasingly complex features that transfer ever-growing amounts of data in real time. Hyundai Motor and Cisco will collaborate to create a testing environment for vehicle simulation. The companies will cooperate on basic research to thoroughly analyze the flow of data and verify new technologies for connected cars. Moreover, Hyundai Motor will invest in cloud, big data analytics and connected car security technologies, with huge investment in research and development. “Future connected cars will open new innovations in quality, safety, and security, as never before. By expanding time and space, more safety will be guaranteed for our customers. Hyundai Motor will provide new values that go beyond our customers’ expectations in safety, quality and security through cooperating with Cisco. This collaboration will be a chance to bring closer the Hyundai Motor-led future of connected cars and shift paradigms of new mobility,” said Euisun Chung, vice chairman of Hyundai Motor. “Digital disruption into the automotive industry is being driven by technologies that are creating new user experiences; and our leadership in the areas of connected vehicles, security, and large-scale communication technologies will be crucial to establishing an industry-leading platform,” said Chuck Robbins, CEO of Cisco. Hyundai Motor recently outlined its Connected Car Roadmap, with a focus on smart remote maintenance service, autonomous driving, Smart Traffic, and a mobility hub. Pat Sweet Correspondent - Asset Finance Connect Sign up to our newsletter Featured Stories NewsGrenke AG reports Q3 results with new business growth Corporate Member NewsOver half of UK SMEs stuck with sub-optimal business equipment NewsMAN Financial Services UK joins TRATON Financial Services Equipment Finance