Hyundai Mobis and Vector have inked a MoU for the joint development of automotive software platforms, the companies said in a statement.

Vector, a German premium partner of AUTOSAR, which endorses global standards for automotive software, is a provider of development tools and software platforms to global automakers and suppliers.

Through this MOU, the two companies will install the co-developed software in core components related to parking systems, autonomous driving sensors, infotainment systems, and electrified parts.

[Image courtesy: Vector]