BERLIN – Germany’s Volkswagen is in talks with China’s Huawei about buying an autonomous driving unit for billions of euros, Supervisor Magazin reported on Thursday.
Automakers and know-how companies are investing billions of {dollars} in autonomous driving, aiming to take an early lead in what many think about the way forward for mobility.
Volkswagen Chief Govt Herbert Diess mentioned on Wednesday he expects the automobile business to see widespread autonomous driving inside 25 years and that the corporate was pursuing new partnerships to extend its self-sufficiency in software program.
Group leaders have been negotiating the deal, which additionally includes know-how methods Volkswagen isn’t but proficient in, for a number of months, Supervisor Journal mentioned, citing inside sources.
A Volkswagen spokesperson declined to remark.
Volkswagen mentioned final yr it plans to construct a brand new state-of-the-art automobile manufacturing facility near its headquarters in Wolfsburg, Germany, hoping to lift its sport because the opening of Tesla’s gigafactory close to Berlin attracts nearer.
