Hyundai Motor Group, the parent group of Hyundai Motor (KRX:005380) and Kia (KRX:000270), signed a memorandum of understanding with the Ministry of Land, Infrastructure and Transport and the Korea Transportation Safety Authority to co-develop a next-generation connected digital tachograph (DTG).
The upgraded DTG will offer better real-time driving data tracking for commercial vehicles such as trucks and buses. The partnership aims to improve safety, connectivity, and operational convenience for commercial vehicle operators in South Korea, Pulse News reported Friday.
Shares of both Hyundai Motor and Kia fell nearly 4% in morning trade Monday.
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