By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Austria.
Dynamic Business Location.

TTTech launches joint venture with SAIC Motor, China’s largest automobile company

ceremony at TTTech and SAIC © TTTech

Shanghai Automotive Industry Corporation (SAIC), China’s largest automobile company, and the Austrian IT developer TTTech are setting up a joint venture in Shanghai for autonomous driving.

Following a EUR 75 million investment by Samsung in the autumn of 2017 and numerous newly concluded partnerships, for example with Nvidia, TTTech announced the founding of this joint venture. It is designed to jointly work on an intelligent driving control system for autonomous driving. 

This step should enable SAIC to further consolidate and safeguard its leading-edge position in the field of intelligent driving technology and ensure that SAIC will be the first company to mass produce intelligent driving cars for the Chinese market.  The first vehicles are already scheduled to be available this year. SAIC Motor is ranked 41st in the Global 500 list and seventh in the global automotive industry. In recent years the group has pressed ahead with its development strategy in the fields of electrification, intelligent networking, car sharing and internationalization.  SAC has been carrying out research on autonomous driving since 2013.

Read more:

Share on Facebook Share on Facebook Share on Twitter Share on Twitter Share on Linkedin Share on Linkedin

Testimonials

Events

Meet us at events, seminars and trade shows - worldwide.

  • Smart Manufacturing and Artificial Intelligence in Austria

    5.08.2021/15.00 CST (China Standard Time), Virtual Event

  • Meet us @ Belt and Road Summit Hong Kong 2021

    01.09-02.09 2021, Virtual Event

Austria Map

Find the perfect location for your company
Austria is well known for its social stability and excellent labor relations where strikes are measured only in seconds. As a global player, reliable deliveries are a top priority for us.

Opel Austria

Logo
More testimonials

news from the business location Austria

Online real estate specialist Propster obtains fresh capital

A digital “all-round programme” for implementing real estate projects is offered by the Viennese startup Propster established in 2017.

4 Reasons for Evaluating Austria as the First Step for Internationalisation of Your Startup

Just recently the latest edition of the Austrian Start Up Monitor was published. The report, once again, shows that Austria has a very dynamic founder scene. Just think of Prescreen, mySugar, Bitpanda or Bitmovin; Austria has spawned numerous, internationally well-known flagships within the startup community.

More news All blog posts