Hyundai Mobis has inked a strategic deal with Germany’s Vector Group to develop automotive software.

South Korea’s largest automotive components manufacturer said it had signed a preliminary agreement to jointly develop “mobility” software with Vector Group which it described as a leading provider of development tools and software platforms to automakers and suppliers worldwide.

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Vector is a premium member of Automotive Open System Architecture (AUTOSAR) which endorses global standards for automotive software.

Hyundai Mobis said in a statement: “As software platforms have become a critical component in defining competitiveness in vehicle manufacturing, global automakers are now requiring their automotive suppliers to adopt AUTOSAR-based software platforms with proven quality and versatility.”

The two companies plan initially to install co-developed software in core auto components related to parking systems, autonomous driving sensors, infotainment systems and electrified parts, but this list is expected to grow as the deal progresses.

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Hyundai Mobis senior vice president Jae-ho Jang said in a statement: “This will enhance our software competitiveness and quality reliability in the global automotive industry and also guide us towards becoming a leader in the mobility software industry.”