Automobile

Shareholders approve Mando plan to separate ADAS unit – Just Auto

Shareholders approve Mando plan to separate ADAS unit – Just Auto










Join Our Newsletter – Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here

X







Mando shareholders have approved a plan to split off its autonomous driving and part of the mobility business as a wholly owned subsidiary.

The special resolution was passed, the supplier said, “with much support from majority of its shareholders who voted in favor of the resolution as per the recommendations from major domestic and global investor advisory organisations”.

Mando Mobility Solutions (or MMS) will launch on 1 September.

President Cho Seong-Hyeon said: “Mando is now equipped with a new driving engine through this split,” and “we will make every effort to bring positive value to our shareholders and to society by accelerating advancement of autonomous driving technology”.

The original Mando will be positioned as a “clean technology provider focused on EV solutions”.





Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button