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According to media reports, Hyundai will stop developing new internal combustion engines (ICE) and shift its focus towards electrification. Keeping in line with this, the company is said to have shut down its engine development division at its R&D centre in South Korea.
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Week In Review: Auto, Security, Pervasive Computing Foxconn chip venture; six levels of AVs; automotive cybersecurity standards; falling rockets. Pervasive computing — IoT, edge, cloud, data center, and back Foxconn (also known as Yageo Group, a component production and process management company for EVs and other high-end electronics, to focus on the development of semiconductors under $2 USD, which they call “small ICs.” Through the JV, a new company called XSemi will develop semiconductors to provide a stable supply to both companies and other customers. According to a press releas...