Volkswagen Acquiring Majority Stake In China’s Horizon Robotics For $2.35 Billion
Volkswagen is spending approximately $2.35 billion to acquire a 60 per cent stake in China’s Horizon Robotics. A joint venture will be formed between VW’s CARIAD software division and Horizon Robotics with the aim of accelerating the regional development of Advanced Driver Assistance System (ADAS) and Autonomous Driving systems for the Chinese market.
Volkswagen is spending approximately $2.35 billion to acquire a 60 per cent stake in China’s Horizon Robotics. A joint venture will be formed between VW’s CARIAD software division and Horizon Robotics with the aim of accelerating the regional development of Advanced Driver Assistance System (ADAS) and Autonomous Driving systems for the Chinese market.
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