State-owned automaker Huawei establishes smart vehicle joint venture
State-owned automaker Huawei establishes smart vehicle joint venture
Yu also said the company welcomes large companies like FAW Group, one of China’s top state-owned automakers, to collaborate on smart vehicle solutions.
Under the deal signed on Sunday, Huawei will transfer its smart car systems business to a new division, with Changan Automobile expected to hold up to 40% of the business.
According to Chinese media reports, Huawei’s in-house automotive department employees will be paid one month’s salary for every year of work, plus an additional month’s salary for transferring to the new company. Meanwhile, he was allowed to own Huawei shares and receive dividends. Tuesday’s Ziemian News. Huawei declined to comment on the report.
Ceres said on Sunday it had received an invitation to invest in the new division and was in active discussions. JAC also said it is in active discussions with Huawei.
“While Huawei has attracted a lot of attention in the EV industry, Aito delivered less than 100,000 units last year, and actual sales are still small and unstable,” said a research center at the University of Jiangxi New Energy Technology Research Institute. Chief, Mr. Zhang Xiang says.
Zhang added that Changan is a stable customer and the new joint venture will expand the number of customers for Huawei’s smart car system and expand its revenue sources.
On Tuesday, Huawei launched its first electric sedan, the S7, jointly developed with Chery under the Luxeed brand, as a rival to Tesla’s Model S. The vehicle’s price starts at 249,800 yuan (US$35,000), and 20,000 units have been pre-ordered. According to Huawei, by the announcement event.