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CARIAD, the Volkswagen Group’s software company, and Horizon Robotics plan to form a joint venture, with CARIAD as the majority shareholder. The Volkswagen Group will invest around 2. 4 billion euros in cooperation with Horizon Robotics. The transaction is expected to close in the first part of 2023.
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Ramashankar Pandey resigned from the board of directors of Hella Lighting India and Hella Germany. With over 20 years of business experience and change specialist in the auto parts industry, he has flexible experience in production and marketing.
The company’s main production facility in Kancheepuram, Tamil Nadu, manufactures 400,000 chips every day and they have already been introduced to the market. In the coming months, Polymatech aims to succeed in its total production capacity of 1 million chips a day (300 million consistent with the year), the company said.