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Mitsubishi Electric Corp (6503.T)

6503.T on Tokyo Stock Exchange

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Japanese self-drive cars map developer to buy rival U.S. startup for $200 million

Japanese map platform developer Dynamic Map Platform announced on Wednesday it plans to acquire Detroit-based map startup Ushr for up to $200 million in a bid to widen its geographical footprint in the burgeoning self driving cars market.

UPDATE 1-Japanese self-drive cars map developer to buy rival U.S. startup for $200 mln

* Dynamic Map Platform is backed by Toyota, Nissan, Honda, others

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