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Exclusive-Huawei Approaches Audi, Mercedes About Investing in Its Smart Car Firm, Sources Say usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
SHANGHAI/HONG KONG :China's Huawei Technologies has asked Mercedes Benz and Volkswagen's Audi if they are interested in buying small stakes in its smart car software and components firm, according to three people with knowledge of the discussions.The move is aimed at expanding its partnerships beyond Chinese ....
Huawei also hopes the presence of foreign investors would help defend the business from potential further geopolitical tensions, one of the sources said ....
Huawei held preliminary talks with Mercedes in recent weeks, according to two sources. One source said the German auto brand was offered a 3% to 5% stake with the valuation to be negotiated. ....