Changan Automobile: The new company to be established by Huawei will not build cars, and the signing of transaction documents is expected to be completed within 6 months

According to news from this site on November 27, Changan Automobile and Huawei Technologies Co., Ltd. signed an "Investment Cooperation Memorandum" on November 25. After negotiation between the two parties, Huawei plans to establish a company engaged in the research and development, design, production, sales and service of automotive intelligent systems and component solutions (hereinafter referred to as the "Target Company"), and Changan Automobile plans to invest in the target company and Carry out strategic cooperation.

According to China Business News, I called Changan Automobile Securities Department as an investor and learned that the specific cooperation matters between the two parties are still under negotiation and are expected to be completed within 6 months. Changan Automobile stated that the new company to be established by Huawei will only provide solutions and other technical support and will not build cars.

In addition, people familiar with Huawei told Jiemian News that "Chang'an is the only car company to take ownership" is a wrong statement. Huawei has made it clear that it is an open platform, and more car companies will join in the future.

Informed sources said that Cyrus has received an invitation to jointly invest in the target company and jointly participate in the creation of an electrified and intelligent open platform. There is no argument that the latest technology is expected to be delivered to Avita first.

This site learned from the "Investment Cooperation Memorandum" that Huawei has established a target company whose business scope includes automotive intelligent driving solutions, automotive intelligent cockpits, intelligent automotive digital platforms, intelligent car clouds, AR-HUD and intelligent Car lights, etc., and inject relevant technologies, assets and personnel dedicated to the target company's business scope into the target company. The specific business scope and loading plan will be determined in the final transaction document. In this transaction, Changan Automobile and its related parties plan to invest to acquire the equity of the target company, with the proportion not exceeding 40%. The specific equity proportion, amount and period of investment will be discussed separately by both parties.

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