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Continental signed a joint venture contract with Horizon Robotics to develop hardware and software solutions for ADAS and automated driving. Continental will be the majority shareholder, and the JV will be located in Jiading District, Shanghai, with about 200 employees.
Continental AG and Chinese AI chip designer Horizon Robotics signed a MoU to build a joint venture dedicated to intelligent driving business, providing ADAS and autonomous driving solutions for global automakers.