Germany’s Volkswagen is in talks with China’s Huawei about acquiring an autonomous driving unit for billions of euros.
Group leaders have been negotiating the deal, which also involves technology systems that Volkswagen is not yet proficient in, for some months now, Manager Magazin reported on Thursday, citing inside sources.
Automakers and technology firms are investing billions of dollars in autonomous driving, aiming to take an early lead in what many consider the future of mobility.
Volkswagen chief executive Herbert Diess said on Wednesday he expects the car industry to see widespread autonomous driving within 25 years and that the company was pursuing new partnerships to increase its self-sufficiency in software.
A Volkswagen spokesperson declined to comment.
- Reuters with additional editing by Sean O’Meara