Vodafone and Hyundai signed an agreement to jointly explore business opportunities in telematics services in Europe.
The two companies said the combination of automotive and IT technologies that each brings to the venture will produce a new range of automotive services. These will use Hyundai’s automotive IT systems and Vodafone’s communications network in Europe.
Hyundai, a fast growing Korean car company that also includes the Kia brand, wants to use Vodafone’s telematics infrastructure to build new business models in this area. Vodafone is one of Europe's largest mobile telecommunications groups.
Hyundai Motor Vice-Chairman Lee Hyun-Soon said in a press release that the automaker wants to use the partnership to provide “advanced automotive IT services” to European customers.
Added Nick Jeffery, CEO of Vodafone Global Enterprise: “This collaboration is set to deliver an even better driving experience for drivers across Europe.”
At the 2011 Consumer Electronics Show in Las Vegas in January, Hyundai introduced a new telematics-based infotainment system called BlueLink.