By Michael Dabaie
China Automotive Methods Inc. mentioned its Hubei Henglong Automotive Devices Team Co. subsidiary ordered a 40% curiosity in Sentient AB to enter the autonomous driving space.
Sentient is a Swedish automotive technological know-how organization specializing in software program development and hardware structure for advanced steering features, car motion regulate and autonomous driving.
In the transaction, Jingzhou WiseDawn Electrical Car Co. will transfer all of its Sentient shares, representing 40% of the issued share money, to Henglong for a total thought of EUR20 million ($24.3 million).
Sentient operates 7 facilities inside Sweden and an office environment in Suzhou, China.
China Automotive Techniques is a provider of electricity steering elements and devices.
Create to Michael Dabaie at [email protected]