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Changan Auto to Take Stake in Huawei’s New Sensible Automotive Firm

Changan Auto to Take Stake in Huawei’s New Sensible Automotive Firm


Huawei Applied sciences Co. Ltd. plans to arrange a brand new firm centered on creating clever car techniques and parts, because the Chinese language tech big ramps up efforts to develop its fledgling sensible auto enterprise.

Chongqing Changan Vehicle Co. Ltd. (000625.SZ) signed a memorandum of cooperation with Huawei on Saturday to spend money on the corporate for as much as a 40% stake, the state-owned automaker mentioned in a submitting with the Shenzhen Inventory Alternate dated Monday. The agency will focus on with Huawei later how a lot it should make investments, in response to the submitting.

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Written by bourbiza mohamed

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