Joynext, the smart-vehicle-solutions arm of the Chinese automotive component supplier Ningbo Joyson Electronics, has secured about 720 million yuan ($107 million) in a new funding round.
Volkswagen supplier accelerates development of next-generation vehicles
China's Joynext serves major foreign automakers like Volkswagen. © Reuters
Joynext, the smart-vehicle-solutions arm of the Chinese automotive component supplier Ningbo Joyson Electronics, has secured about 720 million yuan ($107 million) in a new funding round.