Foxconn and Huawei Technologies are leading an Asian tech charge into smart cars, as two of Asia's leading smartphone makers expand their focus to form joint ventures creating smart-car systems, writes Alex Frew McMillan..STLA
Huawei deepens dive into electric vehicles, seeks control of small Chinese automaker
By Reuters
By Julie Zhu
HONG KONG – 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. The move would be a strategic shift for the world s largest telecom equipment maker.
However, a company spokesman has denied such a step.
Huawei, which has been battered by US sanctions, is in talks with Chongqing Sokon to acquire a controlling stake in Chongqing Jinkang New Energy Automobile, said the sources.
The move would allow Huawei to make intelligent cars bearing its own nameplate, they said.Jinkang counts US EV brand Seres, formerly known as SF Motors, as its main asset.
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.