Seoul, Dec 4 || Song Chang-hyeon, head of Hyundai Motor Group's Advanced Vehicle Platform (AVP) division and chief executive officer (CEO) of the group's software research arm 42dot, has tendered his resignation amid a lack of progress in next-generation vehicle technologies, industry sources said on Thursday.
In a message sent to 42dot employees, Song said he would step down from both positions following a meeting with Hyundai Motor Group Executive Chair Euisun Chung, according to the sources, reports news agency.
Song appears to be taking responsibility for the group's limited progress in autonomous driving technologies, as Hyundai Motor Group has been viewed as falling short of expectations compared with rivals despite significant investment in the AVP division.
"We have been preparing for the future automobile market, where only software-defined vehicles (SDVs) and autonomous driving technologies will remain after global automakers have spent tens of trillions of won only to fall short," Song said in the message.