Announced
Financials
Tags
Cross Border
China
Auto Technology
Joint Venture
Majority
Pending
Friendly
automated driving
Acquisition
Private
Synopsis
Volkswagen-backed CARIAD, an automotive software company, and Horizon Robotics, a supplier of energy-efficient computing solutions for smart vehicles, agreed to form a joint venture, in a €2.4bn deal. “As one of the leading companies to commercialize and mass produce computing solutions of autonomous driving in China, we will bring in our expertise to our partnership with CARIAD to develop next-generation technologies for smart vehicle users,” Kai Yu, Horizon Robotics CEO.
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