China s Huawei Technologies is in talks to take control of a small domestic automaker s electric vehicle unit, two people with direct knowledge of the matter said, a move that would be a strategic shift for the world s largest telecom equipment maker. A company spokesman denied such a step, however. Huawei, which has been battered by U.S. sanctions, is in talks with Chongqing Sokon to acquire a controlling stake in the latter s Chongqing Jinkang New Energy Automobile, said the sources. The move will allow Huawei to make intelligent cars bearing its own nameplate, they added. Jinkang counts U.S. EV brand Seres, formerly known as SF Motors, as its main asset.
Huawei deepens dive into EVs, seeks control of small automaker
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Huawei deepens dive into EVs, seeks control of small automaker
(Reuters) - China’s Huawei Technologies is in talks to take control of a small domestic automaker’s electric vehicle unit, two people with direct knowledge of the matter said, in what is seen as a strategic shift for the world’s largest telecom equipment maker.
Huawei, which has been battered by U.S. sanctions, is in talks with Chongqing Sokon to acquire a controlling stake in the latter’s Chongqing Jinkang New Energy Automobile, said the sources.
Exclusive-Huawei deepens dive into EVs, seeks control of small automaker- sources netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Huawei deepens dive into electric cars
People look at a Seres Huawei Smart Selection SF5 electric vehicle displayed during the Auto Shanghai show in Shanghai, China, 19 April 2021. Aly Song/Reuters
China’s Huawei Technologies is in talks to take control of a small domestic car maker’s electric vehicle unit, two people with direct knowledge of the matter said, in what is seen as a strategic shift for the world’s largest telecommunications equipment maker.
Huawei, which has been battered by US sanctions, is in talks with Chongqing Sokon to acquire a controlling stake in the latter’s Chongqing Jinkang New Energy Automobile, said the sources.
EXCLUSIVE-Huawei deepens dive into EVs, seeks control of small automaker- sources reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.