On Thursday, Volkswagen’s (VOWG_p.DE) software business, Cariad, announced a 51% joint venture with ThunderSoft for Chinese connection and infotainment systems.
“The needs and requirements of Chinese customers are in the centre of our strategic efforts,” said Volkswagen Group China chairman and CEO Ralf Brandstaetter.
Cariad will retain 49% of the joint venture, compared to 60% of its existing joint venture in China with Horizon Robotics to create a single chip for autonomous driving technology.
ThunderSoft (300496. SZ) will build software for the cockpit, infotainment systems, and cloud development, consumer-facing areas where carmakers compete for customer data.
According to its website, the 2008-founded Beijing-based business has collaborative ventures with Qualcomm, Arm, and Intel.
