AMSTERDAM (Reuters) – TomTom NV, the Dutch maker of navigation software for cars, on Wednesday said it had struck a deal with Chinese internet company Baidu to collaborate on digital maps used for computer-assisted driving.
No terms were disclosed and TomTom said the deal would not add to earnings in the current financial year.
China has historically been a weak spot in TomTom’s global map coverage for regulatory reasons. CEO Harold Goddijn said in a statement that Baidu would adopt TomTom’s mapmaking platform, while Baidu has technologies of its own in autonomous driving and artificial intelligence.
(Reporting by Toby Sterling; Editing by Himani Sarkar)