China: TomTom and AutoNavi form Joint Venture

TomTom and AutoNavi have announced the formation of a joint venture, which provides companies access to digital maps and real-time traffic services in China in a standard TomTom format.

The joint venture will be 51% held by AutoNavi and 49% held by TomTom.

“This allows our customers to have access to the highest quality map data and advanced features that exist in China within the standard TomTom format which expands on our ability to offer our customers a global solution,” said Alain De Taeye, Member of the Management Board TomTom.

Source: TomTom.

Banner space