# Volkswagen to invest EUR 2.4B in CARIAD-Horizon Robotics JV for autonomous driving in China

Volkswagen Group will invest approximately EUR 2.4 billion in a cooperation between its software company CARIAD and Horizon Robotics, including a planned joint venture majority-owned by CARIAD, to develop ADAS and autonomous driving systems for the Chinese market. The transaction is expected to close in the first half of 2023.

- Type: Partnership
- Announced: 2022-10-12
- Where: China
- Value: $2.40B (2.40B EUR)
- Status: announced
- Products: ADAS and autonomous driving systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Volkswagen](https://endata.com/companies/533.md) (investor)
- [Horizon Robotics](https://endata.com/companies/54671.md) (partner)
- [Cariad](https://endata.com/companies/64505.md) (partner)

## Sources

- [wireassociation.eu](https://wireassociation.eu/newsroom/volkswagen/releases/en/volkswagen-to-strengthen-regional-development-competence-for-autonomous-driving-in-china-through-joint-venture-between-cariad-and-horizon-robotics-724), 2022-10-12: "The Volkswagen Group is strengthening its development competence 'in China, for China' to accelerate the pace of innovation, promote technological localization and further strengthen its customer focus in this important market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.