Shulou(Shulou.com)12/24 Report--

CTOnews.com November 26 news, today, Changan Automobile announcement, and Huawei signed a "Memorandum of Investment Cooperation." After consultation between the two sides, Huawei plans to set up a company engaged in the research, design, production, sales and service of automotive intelligent systems and components solutions, and the company intends to invest in the target company and carry out strategic cooperation. The two sides jointly support the target company to become an industry leader in automotive intelligent systems and components solutions based on China, facing the global and service industry.

In response to Huawei's establishment of an independent company with open equity in automotive intelligent systems and components solutions, Cyrus issued a statement tonight, saying that the strategic adjustment of Huawei BU does not affect the long-term strategic partnership between the two sides, does not affect the spare parts supply relationship to Cyrus, and does not affect the continuous provision of products and services for AITO owners and potential users. At present, Cyrus has received an invitation to jointly invest in the target company to participate in the building of an electric and intelligent open platform, and the company is actively demonstrating matters related to investment and cooperation.

The full text of the attached statement of CTOnews.com is as follows:

1. Huawei is welcome to set up an independent company with open equity for automotive intelligent systems and components solutions, so as to provide a more open intelligent base for the automotive industry, and in promoting the building of an open platform for the electrification and intelligence of China's automobile industry, another milestone.

2. In the past three years, Cyrus and Huawei have cooperated deeply to promote the boutique strategy, and the jointly built AITO model has been widely loved by users and recognized by the market. Cyrus and Huawei BU cooperate deeply in intelligent driving, intelligent cockpit and other products and solutions, and take the lead in carrying commercialization in AITO models, and the two sides will continue to explore innovative ways of cross-border cooperation.

3. Selis is currently Huawei's vehicle partner with the deepest cooperation, the widest scope and the largest number of vehicles installed in BU. According to the relevant provisions of the long-term strategic cooperation agreement signed by the two sides, the strategic adjustment of BU does not affect the long-term strategic partnership between the two sides, the spare parts supply relationship to Cyrus, and the continuous provision of products and services for AITO owners and potential users.

4. At present, Cyrus has received an invitation to jointly invest in the target company to participate in the building of an electric and intelligent open platform, and the company is actively demonstrating matters related to investment and cooperation.

5. Selis is the deepest strategic partner in Huawei's business cooperation. Cyrus and Huawei are firmly committed to in-depth strategic cooperation. Based on the strategic agreement signed between the two sides, the two sides will continue to deepen joint research and development, joint design, serve users wholeheartedly, provide better products for AITO users and potential users, and launch more high-end models.

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