Huawei Seres SF5
Huawei is in talks to take a controlling stake of a Chinese automaker’s electric vehicle unit, reports
Reuters, the news wire quoted two people with direct knowledge of the matter as saying. A spokesperson for Huawei has, however, denied the the move.
Best known for its telecommunications business, Huawei is talks with Chongqing Sokon for the acquisition of a controlling stake in the automaker’s brand, Chongqing Jinkang, according to the sources. If the deal goes through, this will enable Huawei to have vehicles produced bearing its own nameplate, the report said.
The Huawei spokesperson however said that “Huawei is not making cars,” and added that the electronics producer was not looking to acquire controlling stakes. Meanwhile, Chongqing Sokon did not respond to