Volkswagen to invest €2.4B in autonomous driving JV with Horizon Robotics in China

Volkswagen Group announced a joint venture with Chinese company Horizon Robotics, investing €2.4 billion ($2.3 billion). Volkswagen's software unit CARIAD will hold a 60% stake in the venture, which will develop integrated chips for automated driving.

“Teaming up with Horizon Robotics will allow Volkswagen to accelerate the development of automated driving solutions as part of our NEW AUTO strategy and drive the repositioning of our China business.”teslanorth.com

• 1 source
• teslanorth.comVolkswagen to Invest $2.3 Billion into Autonomous Driving Venture in China | TeslaNorth.comPeter McGuthrieOct 14, 2022

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