Navinfo Co Ltd has said that it will buy 49 percent stake in its controlling unit, a connected car tech firm, and boost additional capital to the unit. It is being claimed that the total investment amount will 158.3 million yuan.
After the transaction, Navinfo will have 100 percent stake in the unit. NavInfo Co is known for providing digital map, telematics, and dynamic traffic information services in worldwide.
It offers digital map products, such as basic, high-precision advanced driver assistance system (ADAS), 3D, voice recognition, pedestrian navigation, and indoor and parking navigation map products, as well as detailed POI and incremental update services.