Market News
Global Autonomous Vehicle Market: Key Developments
- In August 2020, Audi AG entered into a partnership with FAW. This partnership is aimed at the expansion of Audi’s production of autonomous fully electric cars.
- In November 2020, BMW AG opened a novel research and development center with FIZ Projekthaus Nord. With this novel R&D center, the company aims at the expansion of its R&D network for future cars.
- In October 2020, Daimler AG, and Waymo entered into an agreement of global strategic partnership for the advancement of technology movement in the autonomous vehicle sector.
- In February 2021, General Motors invested US$ 100 Mn in the U.S. manufacturing plants. With this initiative, the company plans to boost its truck transmission capacity.