Cariad setting up a joint venture with ThunderSoft to develop infotainment systems and car cockpits
The company said it is investing €11 million, or 80 million Chinese yuan (about US$12 million), in the new venture and will co-own all intellectual property
Cariad, the software unit of automaker Volkswagen is setting up a joint venture with Chinese technology group ThunderSoft to develop China-specific features for the German automaker's "infotainment" systems and car cockpits.
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