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中国

BRIEF-Avtovaz, Yandex to cooperate in integration of internet services into vehicles

March 15 Avtovaz:

* Signs memorandum of intent with Yandex LLC to jointly develop multimedia systems, including information and entertainment and navigation services

* The memorandum includes cooperation in telematics services, connected cars (Connected Car - a car connected to the network) and multimedia systems

* Yandex plans to participate in creating the multimedia system of Avtovaz at the level of adaptation of its services

* Avtovaz, in turn, plans to install multimedia systems with Yandex services to the main part of LADA cars

* The companies expect to conclude a strategic partnership agreement by Dec. 31

Source text - bit.ly/2mrAR1j

Further company coverage: (Gdynia Newsroom)

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