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Volkswagen reportedly in talks with China’s Horizon Robotics over software joint...
source link: https://technode.com/2022/10/13/volkswagen-reportedly-in-talks-with-chinas-horizon-robotics-over-software-joint-venture/
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Volkswagen reportedly in talks with China’s Horizon Robotics over software joint venture
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Oct 13, 2022Oct 13, 2022
Volkswagen has been in late discussions with Chinese auto tech startup Horizon Robotics to form a joint venture that would cover areas such as autonomous driving technologies and in-car connectivity software for VW cars, according to a Wednesday report by Bloomberg. The German car giant is reportedly planning to invest $1 billion in the project, and the deal could be announced within days, the report said. The automaker’s sales slid 14.1% year-on-year to 3.3 million vehicles in China in 2021 amid rising competition from newer rivals such as Tesla, BYD, and Nio. [Bloomberg]
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