Volkswagen to take 60% stake in $2 bln tech JV with China's Horizon Robotics
Volkswagen's software unit Cariad will spend more than $2 billion and take a 60% stake in a new venture with Chinese technology firm Horizon Robotics, it said on Thursday, tackling two big challenges: software and the Chinese market.
Volkswagen's software unit Cariad will spend more than $2 billion and take a 60% stake in a new venture with Chinese technology firm Horizon Robotics, it said on Thursday, tackling two big challenges: software and the Chinese market.
two big challenges, Chinese technology firm, Chinese market, new venture, Horizon Robotics, software unit, Volkswagen, Cariad, 60% stake, Thursday
/cloudfront-us-east-2.images.arcpublishing.com/reuters/WCFFXZPNJ5OF3GJ56GNRNIR52A.jpg)
