Huawei's Yu Chengdong urges FAW Group to join the new company and sends invitations to the 'four circles'

At today's Zhijie S7 and Huawei full-scenario press conference, Huawei Terminal BG CEO Yu Chengdong said that the two "world" products of BAIC and JAC are already in the development process

Huawei has informed Cyrus , Chery, JAC, and BAIC have issued invitations and hope that China FAW Group will join.

#Affected by this news, the automobile sector rose at the close, with FAW Jiefang and FAW Fuwei both reaching their daily limit. As of the time of publishing this article, BAIC Blue Valley is close to the daily limit, and Jianghuai Automobile, Thalys, etc. are also rising

Changan Automobile and Huawei Technologies Co., Ltd. signed the "Investment Cooperation Memorandum" on November 25. After negotiation between the two parties,

Huawei plans to establish a company engaged in the research and development, design, production, sales and service of automotive intelligent systems and component solutions (hereinafter referred to as the "Target Company" on this site), and Changan Automobile plans to invest in the target companies and carry out strategic cooperation.

Yu Chengdong, Huawei's Managing Director and Chairman of Smart Car Solutions BU, said that

the new joint venture will still be led by Huawei in the direction of technology research and development, and in the future, partners in Huawei's smart car selection business will gradually join the joint venture.

Huawei mentioned in the "Investment Cooperation Memorandum" that it plans to establish a target company, mainly engaged in automotive intelligent driving solutions, intelligent cockpits, intelligent vehicle digital platforms, intelligent car clouds, AR-HUD and intelligent car lights, etc. business. Huawei will inject relevant technologies, assets and personnel into the target company. The specific business scope and loading plan will be determined in the final transaction documents. Changan Automobile and its related parties plan to contribute no more than 40% of the capital. The specific equity ratio, capital contribution amount and term will be discussed separately by both parties.

Yu Chengdong said: "

We have always believed that China needs to build a An open platform for electrification and intelligence that the automotive industry jointly participates in, an open platform with a 'locomotive' . We will deepen cooperation with Changan, and will also work together with more strategic partner car companies , Continue to explore new open and win-win models, jointly seize the opportunity of the electrification and intelligent transformation of the automobile industry, and realize the dream of the rise of my country's automobile industry."

Related reading:

Changan Automobile and Huawei There are plans to form a new company that will not be in the business of manufacturing cars. The transaction documents are expected to be signed within 6 months

"Informed sources: Avita, Deep Blue Automobile, and Changan Qiyuan will all be deeply empowered by the new companies established by Changan and Huawei in the future"

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