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Volkswagen is teaming up with Horizon Robotics, however regardless of its title, the German automaker isn’t taking up Hyundai’s Boston Dynamics division.
Late final week, Volkswagen introduced a deal totalling €2.4 billion ($3.7 billion) with the Chinese language agency Horizon Robotics.
The 2 will kind a three way partnership firm which will likely be 60 per cent owned by Volkswagen by way of it its software program arm Cariad.
In line with Reuters, about €1.3 billion ($2 billion) of Volkswagen’s spend will likely be capital for the brand new firm. The rest of the cash will go into Horizon Robotics itself.
The three way partnership’s primary job will likely be growing superior driver help techniques (ADAS) and autonomous driving (AD) know-how for the Chinese language market, specifically absolutely built-in {hardware} and software program packages for electrical automobiles.
In addition to growing self-driving know-how, the tie up with Horizon Robotics is a part of Volkswagen’s push to permit its regional arms to function with higher independence with the intention to tailor services to their clients.
Regardless of this, Ralf Brandstätter, head of Volkswagen China, informed the information wire learnings from the Horizon Robotics three way partnership will likely be fed by way of to Volkswagen’s self-driving efforts elsewhere.
Within the US, Volkswagen has an autonomous know-how partnership with cellular chip-maker Qualcomm, whereas in Europe it’s working with STMicroelectronics.
As we famous in our 2021 World Gross sales Race characteristic, China is definitely Volkswagen’s largest and most essential market. The German automaker bought 3,304,800 automobiles there throughout its multitude of manufacturers in 2021, simply besting all of western Europe (2,860,400).
Horizon Robotics is not any stranger to the Volkswagen Group because it presently works with the Audi model in China. It additionally provides elements and know-how to Continental, Li Auto, and SAIC, which owns the MG and Maxus manufacturers.
Volkswagen can be not the primary international agency to put money into Horizon, with chip-maker Intel having already purchased into the agency. Different traders embrace native automotive rivals BYD and Nice Wall.
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