NavInfo to Become Top Shareholder in PhiGent Robotics in $253 Million Deal to Boost Self-Driving Tech
Beijing NavInfo is set to become the largest shareholder in autonomous driving software firm PhiGent Robotics Limited through a RMB 1.8 billion (US$253 million) deal, a strategic move aimed at capturing the high-end segment of the booming intelligent vehicle market.
The transaction combines a direct cash investment