FRANKFURT, April 19 (Reuters) - German automotive supplier
Continental AG and a unit of China Unicom
have agreed to set up a joint venture in China to offer
intelligent transport systems, such as vehicle data services and
connected vehicle software.
They will each hold 50 percent in the venture to be called
Unicom Continental Intelligent Transportation Technology
(Shanghai) Co. Ltd, Continental said in a statement on
Wednesday. The venture will be based in Shanghai.
It did not provide financial details of the transaction.
(Reporting by Maria Sheahan; Editing by Edmund Blair)