HERE expands mapping services to China with Navinfo partnership
FRANKFURT, Feb 25 (Reuters) - HERE Technologies, the digital mapping company owned by Germany's premium carmakers said it had partnered with China'sNavinfo to offer location services in China.
HERE said it will offer routing and navigation services, as well as map display and positioning services in the world's largest passenger car market.
NavInfo will provide Chinese mapping data which HERE will convert to its own worldwide specification to make the maps compatible with the mapping and location services offered in the rest of the world.
Germany's premium automakers BMW, Daimler and Volkswagen'sAudi bought HERE for 2.8 billion euros ($3.18 billion) in 2015 from Finnish telecoms group Nokia. They now hold 74 percent.
The automakers wanted to avoid becoming dependent on third-party mapping providers such as Alphabet's Google, a competitor in the race to develop self-driving cars. Chip maker Intel also holds a 15 percent stake in HERE.
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