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Volkswagen's Unit TRATON In Deal With US-based TuSimple For Autonomous Trucks; Takes Minority Stake

(RTTNews) - Volkswagen Group (VKW.L, VLKAF.PK, VOW.BE) announced that its unit Traton SE has entered into a global partnership with TuSimple, a San Diego based self-driving technology company focused on heavy-duty trucks, to develop self-driving trucks. As part of the partnership, TRATON has also taken a minority stake in TuSimple.

The partnership brings together a global OEM and SAE level 4 or L4 self-driving technology company. Scania test vehicles will soon be on the road with TuSimple technology.

The companies have launched a development program to operate the first SAE level 4 autonomous hub-to-hub route between Södertälje to Jönköping in Sweden using Scania trucks.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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