Stock Market

Huawei and Changan to form new company for smart car operations, according to Reuters.

Huawei to Establish New Joint Company with Changan Auto for Smart Car Operations

Huawei to Relocate Smart Car Operations to New Joint Company

China’s Huawei announced on Sunday its plans to transfer core technologies and resources from its smart car unit to a new joint company in partnership with automaker Changan Auto. The smart car unit has demonstrated strong sales performance in several new vehicles.

New Joint Company to Focus on Intelligent Automotive Systems

The new joint company will be responsible for research and development, production, sales, and service of intelligent automotive systems and component solutions, as stated in a press release by Huawei.

- Advertisement -

Negotiations for Equity Ratio and Capital Contribution

The equity ratio and amount of capital to be contributed will be negotiated by Huawei and Changan Auto, according to a filing with the Shenzhen Stock Exchange by Chongqing Changan Automobile.

Joint Efforts to Lead the Automotive Industry

Huawei and Changan Auto aim to jointly support the new company in becoming a leader in automotive intelligent systems and component solutions within China, as per the filing.

Collaboration for Industry Innovation and Transformation

At the signing ceremony in Shenzhen, Huawei’s managing director and chairman of the smart car solutions unit, Yu Chengdong, expressed the company’s commitment to collaborating with more auto firms to capitalize on the opportunities presented by the electrification and intelligent transformation of the auto industry.

Huawei’s Collaboration with Other Automakers

Huawei has existing partnerships with Changan Auto and Seres Group, with whom it jointly produces Aito branded cars, including the M7 model. Additionally, Huawei collaborated with Chinese automaker Chery to produce the S7 sedan under a new marquee, Luxeed, positioning it as a competitor to Tesla’s Model S.

Strong Sales Performance for Aito Smart Cars

Huawei revealed that it had received over 50,000 orders for its revamped M7 model within the first 25 days of sales, positioning Aito among China’s top-selling new energy vehicle manufacturers based on August data.

Latest stories

- Advertisement - spot_img

You might also like...

Disclaimer : All investing Involves Risk. We are not affiliated with any platform that we use for advertising, product functionality, or communication. Our site is for educational use only and should not be considered as investment or financial advice. All indicators are developed by Bigbull trading indicators and sold exclusively at https://bigbulltradingindicator.com/. All products that are sold at https://bigbulltradingindicator.com/ are intended for assisting with making trading decisions and must not take as an official financial advice. The past performance doesn't guarantee any future results. Users must be aware of the risk when trading the Forex or the financial markets. Bigbull trading Indicator cannot accept responsibility for any exclusion or errors to the accuracy of information contained on this Site. We advocate that individual seek advice from professional and accredited financial advisor before completing any transaction. Please carefully consider your investment goals, risk and experience you have. It should be noted that trading or investment in Stock, Forex and all other market is subject to market risk, Don’t trade with money you can’t afford to lose, If you decide to invest real money, all trading decisions should be your own, there are no guarantees or certainties in trading, Most people lose money with trading without experience and proper knowledge, If you are looking for guaranteed income, trading or investment is not for you. We are not a registered investment adviser and we do not provide trading or investment advice or recommendations, we are also not regulated by the any financial authority, we will not provide any specific trading or investment advice and does not take into consideration the investment needs of any particular investor or investors. Nothing in this website should be construed as trading, investment, tax, legal or other advice. Signals generated by the Indicators, strategies, tools, programs, products and system are not investment recommendations. All materials on bigbulltradingindicator.com, as well as all system components including indicators, strategies, tools, programs, products, instruction manual, and systems are for educational purposes only, creators, suppliers, officers, directors, employees, advertisers, developers, sponsors, affiliates, representatives and agents of the Indicators, strategies, tools, products, programs and systems on bigbulltradingindicator.com will not take any warranties, responsibility for any profit or loss/damage caused by using the Indicators, strategies, tools, programs, products and systems, you may seek professional advice if required. bigbulltradingindicator.com and its creators, suppliers, officers, directors, employees, advertisers, developers, sponsors, affiliates, representatives and agents do not warrant that your use of the services, indicators, strategies, tools, programs, products, systems and instruction manual of bigbulltradingindicator.com and its affiliated sites will be uninterrupted, error-free, virus-free, secure, or harmful, we will not take any guarantee of the accuracy or completeness of any information we publish, any opinions that we publish may be wrong and may change at any time Use of our information, services, indicators, strategies, tools, programs, products, systems and instruction manual should be based on your own due diligence and you agree that we are not liable/ responsible for any success or failure of your business/investment/trading that is directly or indirectly related to the purchase and use of our services, indicators, strategies, tools, programs, products, systems and instruction manual. The internet and email is not 100% reliable. Sometime you will not receive an email/notification from us due to any technical error and we are not responsible for that, if you do not receive any expected email/update you may check your spam folder, we are not responsible for any communication failures You may find feedback/reviews/testimonials from clients and customers about the products and services offered on this website the results/reviews by these clients/customers are not necessarily typical and there is no guarantee of results that you or anyone else will get same result by using any information, services, indicators, strategies, tools, programs, products, systems and instruction manual offered by bigbulltradingindicator.com, past performance of any information, services, indicators, strategies, tools, programs, products, systems and instruction manual is not a guide to future performance. The information contained on this website is provided as-is, is subject to change without notice and no guarantee is made as to its accuracy, completeness or fitness for a particular purpose

© 2023 All Rights Reserved By BigBull Trading Indicators