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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. ....
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 ....
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. ....
Huawei deepens dive into EVs, seeks control of small automaker Published On Huawei deepens dive into EVs, seeks control of small automaker (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, in what is seen as a strategic shift for the world’s largest telecom equipment maker. 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. ....
Exclusive-Huawei deepens dive into EVs, seeks control of small automaker- sources netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.