BEIJING, Dec. 30 (Xinhua) -- Two Chinese companies and Singapore's sovereign wealth fund GIC have agreed to buy a 10 percent stake in a digital mapping company controlled by Germany's leading carmakers to help them develop self-driving cars.
Chinese digital mapping company NavInfo, Internet group Tencent and the Singapore fund will invest in mapping company HERE under a deal.
China is pushing the development of electric and autonomous cars and has made several high-profile investments in high-technology companies in Europe.
German carmakers Audi, BMW and Daimler will reduce their combined ownership of HERE by 10 percent, HERE and the buyers said in a statement. (Global Times)
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