Shanghai (Gasgoo) – On November 25, Changan Automobile and Huawei signed an “Memorandum of Understanding on Investment Cooperation,” under which Huawei will establish a new company that will focus on the research and development, production, sales, and service of incremental components for intelligent driving systems and intelligent connected cars. (ICV).
The partnership includes the integration of Huawei’s core technologies and resources in the intelligent automotive solutions business into the new company. Changan Automobile and its affiliates have expressed their intention to invest in this venture and jointly support its future development. The target share acquisition by Changan Automobile and its affiliates will not exceed 40%, and the specific share ratio, investment amount, and schedule will be subject to further negotiations between the parties.
Photo provided by: Changan Automobile
Changan Automobile highlighted the new company’s commitment to becoming a global leader in intelligent drive systems and components. The new company is positioned as an open platform serving the automotive industry, extending its stake to existing strategic partners in the automotive sector and other investors with strategic value, facilitating a diversified ownership structure .
In addition to Changan Automobile, other automotive companies such as SERES, Chery Automobile, Foton Automobile, and JAC Group, which have partnered with Huawei’s Intelligent Automotive Solutions (IAS) business unit (BU), have also joined this development. This suggests that the company may seek investment opportunities in new businesses.
According to Changan Automobile’s announcement, the new company’s business scope includes intelligent driving solutions, intelligent vehicle cockpits, intelligent vehicle digital platforms, intelligent vehicle clouds, AR-HUDs, and intelligent vehicle lights. Huawei is ready to inject relevant technology, assets, and human resources specific to the new company’s business scope, indicating that Huawei’s IAS BU operations will be comprehensively transferred to the new company.
Yu Chengdong, Chairman of Huawei’s IAS BU, said: “We believe that China will build an electrified and intelligent open platform, a platform with the collective participation of the automobile industry, a platform with a ‘locomotive’. I’ve always believed there was a need for it.” We are open to deepen cooperation with Changan and collaborate with more strategic partner automakers to seize the opportunities brought by the electrification and intelligence transformation of the auto industry and realize the great dreams of China’s auto industry. We aim to continually explore new models of collaboration. rise. “