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China's Huawei and Changan Auto to form joint auto systems venture

BEIJING - Huawei (HWT.UL) has joined with Chinese carmaker Chongqing Changan Automobile (000625.SZ) to set up a company engaged in the research and development, design, and sales of intelligent automotive systems and component solutions, according to a Sunday filing on the Shenzhen Stock Exchange. "The two parties will jointly support the target company to become an industry leader in automotive...
Shenzhen Stock Exchange Chongqing Changan Automobile Shenzhen Stock Changan Auto

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Huawei to move smart car operations to new joint company with Changan

BEIJING (Reuters) -China's Huawei said on Sunday it will move core technologies and resources in its smart car unit, which has chalked up robust sales for a number of new vehicles, to a new joint company owned up to 40% by automaker Changan Auto. The new company will engage in research and development, production, sales and service of intelligent automotive systems and component solutions, Huawei said in a press release. "The new company will ... work with partners to promote innovat...
Brenda Goh Edmund Klamann Laurie Chen Yu Chengdong Shenzhen Stock Exchange On Seres Group
Source: yahoo.com

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