Volkswagen invest $2,3 billion in the Chinese developer of Pilotless technologies

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The German car maker of Volkswagen and Japanese Horizon Robotics will create joint venture on development Pilotless technologies. They will be applied only in domestic market China. Volkswagen AG invests $2,3 billion in creation of joint venture from the Chinese Horizon Robotics which Pilotless technologies will be engaged in development, reports information agency "Bloomberg". Them use in electric cars. On conditions of contracts 60% of actions will pass Cariad, "daughter" of Volkswagen on development the software. The German autocompany will buy a share and will take a place in board of directors in...
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Ralph Brandshtetter
Last position: CEO of Volkswagen Group (VAG)
VAG
Main activity:Transport
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