Welcome to PKT Auto Parts!

Volkswagen and Huawei to set up joint venture

Publish Date: 2022.02.23


  On the evening of February 17, a news from the foreign media "German Manager Magazine" detonated the Chinese auto circle. The magazine quoted insiders as saying that Volkswagen was negotiating with Huawei to acquire the latter's autonomous driving division. It is reported that the amount of the acquisition is as high as several billion euros.

  

  The sources also said VW Group leaders have been negotiating the deal for the past few months, which also involves technical systems that Volkswagen has not yet mastered.

  

  In this regard, a Volkswagen spokesman said it "did not comment", and Huawei also said to Che Yun that it "did not comment."

  

  Recently, the cooperation rumor has the latest development.

  

  According to the domestic media "Interface News", according to people familiar with the matter, the two sides are indeed negotiating. The general form of cooperation is that the two parties set up a joint venture, which is funded and controlled by Volkswagen, and Huawei provides technology to become Volkswagen's tier1 (first-tier supplier).

  

  "It is equivalent to Huawei selling its autonomous driving business to the public, and the price may be around 10 billion yuan," said the person familiar with the matter. The specific amount is still being discussed.

  

  The person familiar with the matter also said that Su Qing, president of the intelligent driving product line, who left in January this year, will join the joint venture as product leader.

+86-15958763640(whatsapp/wechat)

Free support line!

kamen@pktautoparts.top

Email Support!

Mon - Fri / 8:00 - 18:00

Working Days/Hours!