Volkswagen and Huawei are in talks about merging. The first would acquire the latter's autonomous driving business in order to compete with giants like Tesla.
There is currently no mention of pricing but the deal is being heralded as revolutionary. Huawei's self-driving capabilities have significantly improved over the last few years and could soon compete with Tesla's especially since the latter seems to be struggling of late.that its technology is crash-free, the software is still widely viewed as unsafe if not downright dangerous.
Although nothing was heard of the prototype again, the venture does show that Volkswagen has capabilities in the field. And its new move further indicates that the carmaker is dedicated as the acquisition is bound to be expensive.a whopping $1 billion on research and development just for the year 2021. It also had ambitious goals of developing an R&D team with 5,000 members, 2,000 of which would be dedicated to autonomous driving.
Huawei, sadly, need the cash...