VW's Cariad arm to establish JV with China's ThunderSoft

 

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Volkswagen's software division, Cariad, has announced the establishment of a joint venture with China-based ThunderSoft. The joint venture, named CAM-ST, is aimed at developing an operating system for VW's future electric vehicles and will be based in Beijing. Through this joint venture, Cariad and ThunderSoft will combine their respective expertise in software and operating systems to create an advanced automotive operating system that will power the next generation of VW electric vehicles.

CAM-ST will be 60% owned by Volkswagen, while ThunderSoft will own the remaining 40%. The company will initially develop a platform for VW's ID. electric vehicles and will gradually expand to other brands and models. The joint venture will also address broader topics related to future mobility, such as autonomous driving, user experience, and data services.

Volkswagen has been investing heavily in software development, particularly in the areas of electric and autonomous vehicles, in order to keep up with its competitors. The establishment of CAM-ST with ThunderSoft is expected to provide Volkswagen with a unique advantage in the global electric vehicle market, especially in China where local companies are playing an increasingly important role in the industry. ThunderSoft, which specializes in software design and engineering, has a deep understanding of the Chinese market and has established partnerships with several Chinese automakers over the years.

In summary, the joint venture between Volkswagen's Cariad and China's ThunderSoft shows the growing importance of software in the automotive industry, particularly in the area of electric and autonomous vehicles. The partnership allows Volkswagen to tap into ThunderSoft's expertise in the Chinese market while bringing its own software development capabilities to bear. The joint venture will likely result in the development of an advanced automotive operating system that will power a new generation of Volkswagen electric vehicles and enhance their capabilities in the emerging market.