NavInfo will be supplying high-definition maps and location-based services to BMW. The size of the deal will depend on the number of BMW vehicles in China which will be using NavInfo maps for navigation.
The agreement will increase NavInfo’s market share and improve its profitability and other operational results, according to the company.
Founded in 2002, NavInfo was the first firm in China to receive a navigation electronic map license and has focused on developing its high-precision mapping business since 2015.
Source: Equal Ocean
