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End-of-day quote
Other stock markets
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5-day change | 1st Jan Change | ||
| 50.94 CNY | +10.16% |
|
+8.87% | -36.37% |
BERLIN (Reuters) - Volkswagen's software company Cariad will establish a joint venture with Chinese technologies provider ThunderSoft to focus on developing connectivity and infotainment systems in China, Cariad said in a statement on Thursday.
"The needs and requirements of the Chinese customers are in the centre of our strategic efforts," said Ralf Brandstaetter, chairman and chief executive of Volkswagen Group China.
Cariad will hold a 49% stake in the joint venture in China while ThunderSoft, known for intelligent operating system products, will hold a 51% stake, said the statement.
(Writing by Miranda Murray, Editing by Rachel More)
Price
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Change
|
5d. change
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Capi.
| ||
|---|---|---|---|---|---|
| 118.4 EUR | -0.63% | -2.83% | 71.12B | ||
| 50.94 CNY | +10.16% | +8.87% | 2.94B | ||
| 1st Jan change | Capi. | |
|---|---|---|
| -36.37% | 2.94B | |
| +11.31% | 87.18B | |
| +7.52% | 78.95B | |
| -9.94% | 55.02B | |
| +23.30% | 47.3B | |
| +32.46% | 46.79B | |
| -26.51% | 46.35B | |
| +81.90% | 42.08B | |
| -6.42% | 25.86B | |
| +21.21% | 22.54B |
THUNDER SOFTWARE TECHNOLOGY CO.,LTD. 
