#huawei changan

Huawei has made a significant entry into the automotive sector by establishing a new company in collaboration with Chinese automaker Changan Auto. This strategic partnership, solidified through a signed investment on November 26, marks a pivotal moment in the intelligent car industry and underscores Huawei's commitment to expanding its business horizons. The newly formed company, as of now unnamed, stands as a joint venture with ownership divided between Huawei and Changan. Changan Auto secures a 40% stake in the venture, with Huawei and prospective shareholders collectively holding the remaining shares. Huawei has announced the primary focus of this venture, which will center on research and development, production, sales, and services dedicated to smart automotive systems and component solutions for intelligent vehicles. In a move to consolidate core technologies and resources, Huawei aims to position itself as a driving force in the smart car solution business. Changan, on the other hand, commits to investing in the support of operational aspects and future advancements of this pioneering venture. This partnership will aid in the electrification and intelligent transformation of the automotive industry." Huawei first embarked on its journey into the automotive industry alongside Chinese car manufacturer SERES, resulting in the establishment of a collaborative brand named AITO. Read more in our articles including "Huawei and Changan are collaborating on a new automobile company!" and "Huawei's new 4G/LTE Pocket WiFi line-up".