Changan to take up to 40% stake in Huawei's new auto parts JV

Changan Automobile signed an MoU with Huawei to invest in a new company Huawei will set up for automotive smart driving systems and components. Changan plans to acquire no more than a 40% stake in the new entity.

“Changan signed a memorandum of understanding (MoU) with Huawei on November 25 in Shenzhen, Guangdong province, to jointly support the latter's establishment of a company that will provide automotive smart system and component solutions.”cnevpost.com

• 1 source
• cnevpost.comChangan, Huawei sign MoU to set up JV that aims to be world's leading parts supplierNov 26, 2023

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