SHANGHAI: A Chinese auto firm said on Friday it is buying two foreign companies and their self-driving technologies for more than $1 billion, as the world’s second-largest economy seeks to boost its foothold in the autonomous car market.
Ningbo Joyson Electronic Corp. said it has signed an agreement to buy US-based Key Safety Systems (KSS) Holdings Inc. for $920 million, according to a statement to the Shanghai stock exchange, where it is listed.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.