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Schaeffler and Paravan form joint venture for drive-by-wire technology · Endata

◂ Announcements

Aug 6, 2018PARTNERSHIPHerzogenaurach, Germany, Germany

Schaeffler and Paravan form joint venture for drive-by-wire technology

Schaeffler Group and Paravan GmbH signed a master agreement to form Schaeffler Paravan Technologie GmbH & Co. KG, a joint venture to develop and commercialize Paravan's SPACE DRIVE drive-by-wire technology. Schaeffler will hold a 90% stake.

Status

Announced

Productsdrive-by-wire systemssteer-by-wireautonomous driving technology

CompaniesSchaeffler Paravan GmbH partner

Sectors#Automotive Components

“Drive-by-wire is key-enabling technology for the fast-growing market segment autonomous driving.”schaeffler.com

1 source
schaeffler.comSchaeffler Acquires Drive-by-Wire Technology | Press Releases | Schaeffler GroupAug 6, 2018

Summarized from public sources; check the original articles before acting on it.

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