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Huawei's new smart car firm valued up to $35 billion amid advanced stake talks

The Chinese company said on Sunday it will spin off its four-year-old Intelligent Automotive Solution (IAS) business unit - which aimed to become the equivalent of German automotive supplier Bosch of the intelligent electric vehicle (EV) era - into a new company which will receive the units core technologies and resources.
Richard Yu Huawei Technologie Ren Zhengfei Seres Group China Ordnance Equipment Group Dongfeng Motor Group

Huawei's new smart car firm valued up to $35 billion amid advanced stake talks: Sources, ET Telecom

Huawei: Changan Auto and its ultimate parent, state-owned China Ordnance Equipment Group - also known as China South Industries Group - are considering acquiring about 35% and 5% respectively of the new firm, which could be valued at 200 billion to 250 billion yuan, two of the people said.
Huawei Technologie Zhuzhu Cui Julie Zhu Richard Yu Ren Zhengfei China Ordnance Equipment Group

2023 Auto Guangzhou: A quick look at the NIO ES8 flagship SUV

GUANGZHOU, CHINA — Another car brand which caught our attention at the Guangzhou International Automobile Exhibition, was NIO. Currently, there are eight models in its lineup, and that is quite an impressive feat, given that they only began producing cars as recently as 2016. More recently, they listed on Singapore Exchange (SGX), which made them the first Chinese automaker to...
Singapore Exchange Center Aisle Guangzhou International Automobile Exhibition Changan Automobile Dynamic Waterfall Ambient Lighting Executive Console

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