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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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China shares end lower as losses in tech stocks offset auto gains

China shares end lower as losses in tech stocks offset auto gains
Reuters
2/3/2021
China reports fewest daily new COVID-19 cases in more than a month
BEIJING, Feb 3 (Reuters) - China shares ended lower on Wednesday, as profit-taking in tech stocks with high valuations outweighed gains in automakers on expectations of strong sales growth this year. At the close, the Shanghai Composite index fell 0.46% to 3,517.31 and the blue-chip CSI300 index shed 0.29%.
The CSI300 IT index lost 3.4%, while the STAR50 index tracking Shanghai s tech-focused STAR Board, fell 1.9%. The auto sector sub-index surged 5.4%, the consumer staples sector was up 1.1%, while the healthcare sub-index gained 0.9%. Chongqing Changan Automobile Co Ltd reported a growth of 87.2% in its January vehicle sales from a year ago, while the country s industry association forecast a 4% rise in total annual vehicle sales for 2021 at 26.3 million units. ....

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