Hyundai Explores Robotaxi Market as EV Demand Slows
Hyundai Motor is pivoting toward the robotaxi market to offset slower demand for its electric vehicles. The company plans to manufacture tens of thousands of Ioniq 5 models specifically designed for use by Alphabet’s Waymo autonomous taxi service. This strategic shift highlights Hyundai's efforts to adapt to evolving automotive trends and maintain growth in a competitive EV landscape. By aligning with Waymo, Hyundai aims to secure long-term demand through fleet sales rather than relying solely on consumer markets. The partnership underscores the growing importance of mobility-as-a-service platforms as automakers seek new revenue streams amid slowing retail EV adoption.
Topics: autonomous taxis electric vehicles robotaxis Waymo partnership