Autonomous driving is advancing faster than you might think, and today Alphabet 's (NASDAQ: GOOG) Waymo announced a new deal to have Hyundai build Waymo's cars. In this video, Travis Hoium breaks down why this makes sense and how General Motors (NYSE: GM) may have a slight cost advantage with a similar strategy.

Hyundai Motor has entered into a partnership to put the autonomous technology of Waymo, the self-driving-car startup owned by Google's parent Alphabet, into its all-electric IONIQ 5 SUV. The companies said Friday that Hyundai's IONIQ 5 SUV will also be added to the fleet for Waymo One,