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Huawei-Changan smart car partnership expands to include chips: Report

By Yilei Sun and Julie Zhu
BEIJING/HONG KONG (Reuters) - China s Huawei Technologies is expanding its smart car partnership with state-owned Chongqing Changan Automobile Co Ltd to include the design and development of auto-use semiconductors, four sources with knowledge of the matter said.
The two companies, which unveiled their smart car tie-up in November, have been working together informally on chips for the last few months, two of the sources said. A third source said they might soon form a joint venture for chip development.
Shares in Changan rocketed higher on the news, closing up 8.5% compared to a 4% decline earlier in the day. ....

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Financial, consumer firms drag China shares lower

Commodities firms recover after previous day’s drop
SHANGHAI, May 21 (Reuters) - China’s main share indexes ended lower on Friday, dragged down by financials and consumer staples, though the commodities sector rebounded from previous session’s slump as investors processed Beijing’s pledge to keep commodity prices in check.
At the close, the Shanghai Composite index was down 0.58% at 3,486.56. The index fell 0.11% for the week. The blue-chip CSI300 index was down 1.01%, but delivered a weekly gain of 0.46%. The CSI300 financial sector sub-index fell 1.44%, the consumer staples sector dropped 1.17%, the real-estate index slipped 1.02%, and the healthcare sub-index lost 1.43%. But Chinese commodity companies closed higher as analysts said China’s pledge to strengthen management to curb “unreasonable” increases in commodity prices are likely to have only a temporary effect. The CSI300 energy index added 0.59% and the CSI A-share resource industri ....

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Exclusive-Huawei to expand smart car partnership with Changan to chips -sources

3 Min Read
BEIJING/HONG KONG (Reuters) - China’s Huawei Technologies is expanding its smart car partnership with state-owned Chongqing Changan Automobile Co Ltd to include the design and development of auto-use semiconductors, four sources with knowledge of the matter said.
FILE PHOTO: People check a display near a Huawei logo during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song
The two companies, which unveiled their smart car tie-up in November, have been working together informally on chips for the last few months, two of the sources said. A third source said they might soon form a joint venture for chip development. ....

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Huawei-Changan smart car partnership expands to include chips

Huawei-Changan smart car partnership expands to include chips
dunyanews.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dunyanews.tv Daily Mail and Mail on Sunday newspapers.

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Global Passenger Vehicles Market In-Depth Analysis including key Players like Zhejiang Geely Holding Group; Tata Motors; Groupe Renault; TOYOTA MOTOR CORPORATION; Groupe PSA – KSU

Global Passenger Vehicles Market is expected to rise from its initial estimated value of USD 1427.66 billion in 2018 to a projected value of USD 1804.31 billion by 2026, registering a CAGR of 2.97% in the forecast period of 2019-2026.
Passenger Vehicles market research report is a comprehensive analysis on the study of industry. Market research included in this report helps the management of a firm in planning by providing accurate and up- to-date information about the consumer’s demands, their changing tastes, attitudes, preferences, and buying intentions etc. Further, manufacturer can adjust production according to the conditions of demand which are analysed here. It also supports to secure economies in the distribution of products and find out the best way of approaching the potential. With the data covered in this Passenger Vehicles report, marketing of goods can be made efficient and economical which leads to elimination of all type of wastage. ....

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