Aptiv’s capital withdrawal puts Motional's robo-taxi ambitions at risk
The tightening of funding for Motional further accentuates industry concerns around the return on investment with regard to the development and commercialization of Level 4 mobility-as-a-service technologies
Aptiv has announced the discontinuation of capital support for Motional's robotaxi service commercialization set for 2024. Aptiv, involved in a $4 billion joint venture with Hyundai to establish Motional, made this announcement during its fourth-quarter earnings call, highlighting challenges related to the high costs involved, particularly in hardware development, hindering widespread adoption in the on-demand mobility market.
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