German Daimler Picks China's Navinfo as Exclusive Local Map Supplier
Tang Shihua
/SOURCE : Yicai
German Daimler Picks China's Navinfo as Exclusive Local Map Supplier

(Yicai Global) Aug. 28 -- Stuttgart's car maker Daimler has chosen China's map provider Navinfo as its exclusive navigation tools supplier in the Chinese market for the next seven years.

Navinfo and Daimler signed a sales agreement, under which the former will provide the latter with electronic mapping services for Daimler's passenger vehicles put into mass production between 2020 and 2024, the Beijing-based software firm said in a statement yesterday.

The deal will help Navinfo to increase its stakes in the vehicle-mounted navigation market and enhance its leading position in the smart vehicle location services. 

Last year in November, Navinfo partnered with Germany's BMW to provide its China-oriented series of MINI and Rolls-Royce with positioning tools.

Tencent Holdings is Navinfo's second-largest shareholder, and these two companies jointly hold equities in HERE International, a mapping company that is affiliated to Germany's three auto giants of Volkswagen, BMW, and Daimler.

Editor: Emmi Laine

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Keywords: Geographic Information , Big Data , Internet of Vehicles , Smart Vehicle , Electronic Map , Exclusive Supplier , NavInfo , Daimler , TENCENT