Hyundai Elevator Signs MOU for Auto Parking Lot Solution

Hyundai Wia and Hyundai Elevator recently signed a memorandum of understanding (MOU) to develop robot-friendly auto-valet parking solutions, The Korea Herald reports. The companies agreed to utilize Hyundai Wia’s parking robot technology and Hyundai Elevator’s large-scale conveyor-type parking system to develop a new parking solution with a plan to integrate the former’s horizontal transportation of vehicles and the latter’s vertical movements to create a parking lot that requires no human control and minimizes bottlenecks. Hyundai Wia said it will offer the parking robots and relevant software solutions to Hyundai Elevator while taking charge of designing infrastructure for the new parking solution’s installation and operation. The two sides will cooperate to develop user experiences and the user interface. Hyundai Elevator will provide the hardware and software required for auto-valet services of vehicles and will be responsible for designing related services and parking lot layouts. The two companies plan to complete the design of a standardized parking lot integrated with software before the end of this year, with a goal of being able to take orders next year.