ANN/CNA – Smartphone maker Xiaomi Corp is eyeing an electric vehicle (EV) production tie-up with Beijing Automotive Group (BAIC), as it faces delays in acquiring a licence to make cars on its own, Bloomberg News reported yesterday. Such partnership among EV startups and traditional carmakers has become increasingly common in China, as state planners have […]
Baidu and BAIC Group s ARCFOX Brand Collaborate to Launch Apollo Moon Robotaxis, Plan Mass Production at Affordable Costs prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Technology major seeks control of small automaker to make cars bearing its own nameplate Published: May 04, 2021 15:52 Reuters A Seres Huawei Smart Selection SF5 electric vehicle displayed during the Auto Shanghai show in Shanghai, China April 19, 2021. Image Credit: 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, 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.
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.