Author/Yicai Automobile
Today, the Volkswagen Group announced that its software company CARIAD and Horizon have established a joint venture and a controlling stake. The Volkswagen Group plans to invest around 2.4 billion euros in the partnership, which is expected to close in the first half of 2023.
The Volkswagen Group is continuing to strengthen its R&D capabilities in “in China, for China”, accelerate the pace of innovation, promote technology localization, and further focus on the needs of Chinese consumers. The new cooperation between CARIAD, the group’s software company, and Horizon, a high-performance intelligent driving computing platform, will accelerate the development of the group’s advanced driver assistance systems and autonomous driving systems for the Chinese market.
In response to the Chinese market demand, CARIAD will work with Horizon to develop full-stack advanced driver assistance systems and autonomous driving solutions, integrating multiple functions on a single chip to improve system stability, save costs and reduce energy consumption. This “soft-hard combination” technology is conducive to creating differentiated innovations, providing scalable and cost-effective advanced driver assistance systems and autonomous driving solutions for Volkswagen Group’s pure electric vehicles in China. This investment transaction has yet to be signed by all parties and approved by relevant government agencies.
Barrett, Chairman and CEO of Volkswagen Group (China), said: “The Chinese market is full of vitality and is the most important business area for the Group in the world. The cooperation with Horizon is the Group’s strategic transformation in China and the strengthening of its business in China. Core cornerstone. Local R&D will give us more autonomy and further consolidate our leading position in the Chinese automotive market. Future joint ventures will develop cutting-edge technologies including complete software and hardware stack technologies, enabling us to develop more advanced We will continue to provide customized products and services for Chinese consumers at a fast speed. Through cooperation with Horizon, we will accelerate the development in the field of autonomous driving, promote the NEW AUTO strategy, and further drive business transformation in China.”
Intelligent driving enabled by advanced advanced driver assistance systems and autonomous driving systems is a key technology for future mobility, and its market growth potential is huge. Therefore, the development speed of intelligent driving-related technologies is crucial to the intelligent transformation of the mobility industry. CARIAD has a 60% stake in a joint venture with Horizon. Both parties are committed to accelerating the development and commercialization of autonomous driving software and hardware technologies in the Chinese auto market, so as to bring the driving experience of autonomous vehicles to Chinese consumers as soon as possible.
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- 2022-10-13Volkswagen invests 2.4 billion euros to speed up autonomous driving, and its software company joins hands with Horizon
- 2022-06-27Horizon Announces Strategic Investment from FAW Group
- 2022-06-15Horizon releases the first software and hardware integrated robot development platform in China
- 2021-10-27Lingjun Technology completed tens of millions of RMB PreA round of financing, Horizon strategic investment
- 2021-06-04 It is reported that Horizon is considering an IPO in the United States within this year, and the fundraising scale may reach 1 billion US dollars
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