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VW’s Cariad and Horizon Robotics set up a joint venture, Carizon, to develop autonomous driving system (carnewschina.com)

submitted 10 months ago by [email protected] to c/[email protected]

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Volkswagen invested 2.4 billion EUR for a 60% stake in Carizon. Cariad will appoint Carizon’s CEO, and Horizon Robotics will appoint a chief technology officer (CTO). Horizon also announced it is sending a heavy weight to the newly established JV – its cofounder and CTO Huang Chang to lead the level-2 (L2) assisted driving, highway assisted driving, and automated parking teams.

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