Friday, 24 March, 2023

Volkswagen To Take 60% Stake In Tech Joint Venture With Horizon Robotics

<p>Volkswagen announced that it will invest 2.4 billion euros ($2.33 billion) and acquire a 60% ownership in a new joint venture for autonomous driving hardware and software with the Chinese technology company Horizon Robotics. The businesses will collaborate to create technology that can combine many autonomous driving features onto a single chip. On its website, Horizon Robotics, a 2015 startup, lists Volkswagen&#39;s Audi, Continental, Li Auto among its clients.</p>