Shulou(Shulou.com)11/24 Report--

CTOnews.com, October 15 (Xinhua) Volkswagen Group announced on October 13 that it plans to set up a joint venture with Beijing Horizon Robot Technology Research and Development Co., Ltd., to develop autopilot assistance systems and solutions.

Volkswagen Group plans to invest about 2.4 billion euros (16.8 billion yuan) in the partnership and hold a 60% stake in the joint venture, the largest single investment in the 40 years since Volkswagen entered China. The final agreement has yet to be signed and reviewed by government agencies, and the deal is expected to be completed in the first half of 2023.

In this regard, Baird, chairman and CEO of Volkswagen Group (China), said in an interview with Caijing: China is developing very fast in terms of intelligent Internet connection and intelligent driving, even exceeding our expectations. No country can compare with China in this respect.

He believes that the level of self-driving technology will become the key factor to determine the success or failure of automobile enterprises in the future. For Volkswagen to surpass Tesla's goal by 2025. "We are really ambitious and this goal will not change," he said. "

"just a few weeks ago, I test-drove a Volkswagen ID.4 with CARIAD and Horizon technology, and I can assure you that it's really great and amazing to drive this car on the roads in Beijing."

CTOnews.com learned that Volkswagen has launched a number of ID. Family car. From January to September this year, domestic Tesla sold 433300 vehicles, and Volkswagen Group sold 134200 new energy vehicles (including Volkswagen brand and Audi brand).

Volkswagen announces a joint venture with Horizon: an investment of about 16.7 billion yuan and a 60% stake.

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