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10/20, 10:22 AM (Source: TeleTrader)
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Huawei, Volkswagen plan joint venture - report

Huawei Technologies Co. Ltd. and Volkswagen Group are planning to create a joint venture to develop autonomous driving technology, 36Kr reported on Wednesday.

The German carmaker will be in control of the rapidly advancing project, according to several sources familiar with the matter who spoke to the Chinese media outlet.

The joint venture is expected to serve as a supplier to Volkswagen, while Huawei will provide software and chip technology.

Breaking the News / MS