Jianghuai Automobile: actively discuss issues related to investment and cooperation with Huawei
CTOnews.com November 27 news, Jianghuai Automobile issued a statement on November 27, said that since the strategic cooperation with Huawei in 2019, the company has been in close communication, the scope continues to expand. Huawei's adjustment of platform strategy in the vehicle field will not affect the follow-up cooperation between the two parties. The Company pays close attention to Huawei's proposed establishment of an independent company for automotive intelligent systems and component solutions, and actively discusses with Huawei matters related to investment and cooperation.
Changan Automobile announced yesterday that it signed a Memorandum of Investment Cooperation with Huawei. After negotiation between the two parties, Huawei plans to establish a company engaged in R & D, design, production, sales and service of automotive intelligent systems and component solutions. The company plans to invest in the target company and carry out strategic cooperation. Both parties jointly support the target company to become an industry leader in automotive intelligent systems and component solutions based in China, facing the global and service industries.
Yu Chengdong, executive director of Huawei and chairman of Smart Car Solutions BU, said: "We have always believed that China needs to build an electric intelligent open platform with the participation of the automotive industry, an open platform with a 'locomotive.' We will deepen cooperation with Chang 'an, and at the same time, we will work hand in hand with more strategic partner automobile enterprises to continuously explore new modes of opening and win-win, jointly seize the opportunity of electric intelligent transformation of automobile industry, and realize the dream of the rise of automobile industry in China. "
CTOnews.com notes that Huawei's BU is still losing money and needs more partners to create scale effects. Yu Chengdong once said that Car BU is Huawei's only loss-making business unit, with an annual R & D investment of more than 10 billion yuan. In 2022, Huawei's smart car solutions business revenue was 2.077 billion yuan, accounting for 0.3% of Huawei's total revenue. In the first half of this year, Huawei's smart car solutions business revenue was 1 billion yuan, accounting for 0.3% of total revenue.
