Audi and Huawei to Partner on Automated Vehicles

Date : 07/10/2018 @ 10:18AM
Source : Dow Jones News
Stock : Volkswagen (PC) (VLKAY)
Quote : 32.01  0.0 (0.00%) @ 1:00AM

Audi and Huawei to Partner on Automated Vehicles

Volkswagen (PC) (USOTC:VLKAY)
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   By Max Bernhard 
 

German premium car maker Audi AG (NSU.XE) said Tuesday that it plans to partner with China's Huawei Technologies Co. to work on projects related to automated and connected vehicles.

Audi, which is part of Volkswagen AG (VOW.XE), said it signed a memorandum of understanding for a strategic cooperation with the Chinese telecommunications and technology company on Tuesday.

The agreement follows a meeting between Chinese Premier Li Keqiang and German Chancellor Angela Merkel this week in Berlin.

 

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

 

(END) Dow Jones Newswires

July 10, 2018 05:03 ET (09:03 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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