Aptiv and Hyundai to Form Autonomous Driving Joint Venture

Paul, Weiss is representing global technology company Aptiv in an autonomous driving joint venture with Hyundai Motor Group. The joint venture will advance the design, development and commercialization of SAE (Society of Automotive Engineers) Level 4 and 5 autonomous technologies, the two most advanced levels of automation, in which no human interaction is required. As part of the agreement, Hyundai Motor Group and Aptiv will each have a 50 percent ownership stake in the joint venture, valued at a total of $4 billion.

The Paul, Weiss team includes, among others, corporate partners Scott Barshay and Steven Williams; tax partner Jeffrey Samuels and counsel Alyssa Wolpin; employee benefits partner Lawrence Witdorchic; real estate partner Mitchell Berg; intellectual property counsel Jonathan Ashtor; antitrust counsel Marta Kelly; and environmental counsel William O’Brien.