BUILDING A SELF-DRIVING car was never going to be easy. But Karl Iagnemma says he didn’t expect it to be this hard.
“Vehicles are these massively complex systems, and to [build self-driving cars], we need to integrate them with another very complex system and do it in a way that’s reliable and cost-optimized. It’s really, really hard,” says Iagnemma, the president and CEO of a joint venture formed in March between South Korea’s Hyundai and Aptiv, which designs automotive electronic systems. “I think that’s one of the things that most players in the industry underappreciated, myself included.”
That realization has led to a rash of partnerships between established automakers and self-driving startups. Think Aptiv and Hyundai; Waymo and Jaguar; General Motors and Cruise; Argo AI and Ford and Volkswagen. The Covid-19 pandemic has only heightened the need for partners, as venture capitalists tighten the purse strings on big bets like self-driving.