Huawei has reached a licence agreement with a supplier of Volkswagen Group, the company stated.
According to the statement made available to Financial Street, the agreement includes a licence under Huawei’s 4G standard essential patents, which covers Volkswagen vehicles equipped with wireless connectivity.
“This agreement marks Huawei’s largest licensing deal in the automotive industry,” it stated.
Chief Legal Officer of Huawei, Song Liuping, said, “As an innovative company, we own a leading patent portfolio for wireless technologies, which creates great value for the automotive industry. We are pleased that key players from the automotive industry recognise that value. We believe this licence will benefit worldwide consumers with our advanced technology.”
The statement noted that Huawei expected more than 30 million vehicles to be licensed under its patents based on existing licence agreements.
“Over the past 20 years, Huawei has entered into more than 100 patent licence agreements with major global companies across Europe, the United States, Japan and South Korea.
“Huawei will continue to bring digital connectivity to more vehicles globally to establish a fully connected, intelligent world,” it added.
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