Huawei and Changan Automobile sign investment cooperation memorandum to jointly promote industry development

Huawei and Changan Automobile sign memorandum of investment cooperation to boost industry development

【PhoneAuto News】On November 26th, it was announced that Huawei and Changan Automobile signed an “Investment Cooperation Memorandum” in Shenzhen on the 25th. Huawei plans to establish a new company focused on the research and development, production, sales, and service of intelligent driving systems and incremental components for smart connected cars.

Huawei and Changan Automobile sign investment cooperation memorandum

It is reported that Huawei plans to integrate the core technology and resources of its intelligent vehicle solution business into the new company. Changan Automobile and related parties intend to invest in the company and jointly support its future development with Huawei. Additionally, the new company aims to become a world-class leader in the automotive intelligent driving system and components industry. It will function as an open platform serving the automotive industry, offering equity investment opportunities to existing strategic partner car companies and other investors with strategic value, thus becoming a diversified company in terms of equity ownership. The new company will continue to provide high-quality service to customers and collaborate with partners to promote innovation and advancement in smart car technology, driving the prosperity and development of the automotive industry.

Changan Automobile Chairman and Party Secretary Zhu Huarong

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Changan Automobile Chairman and Party Secretary Zhu Huarong stated, “By leveraging the respective advantages and resources of Changan Automobile and Huawei, and collaborating closely with strategic partner car companies, we will accelerate the large-scale commercialization of intelligent technology, enabling global users to enjoy a first-class intelligent experience. This will promote the development of China’s smart automotive industry towards scalability, intensification, and sharing, enhance the resilience of the automotive industry chain and supply chain, drive the high-quality development of China’s automotive industry chain, lead breakthroughs in core technology, and propel Chinese automobile brands to become world-class.”

Huawei Rotating Chairman Xu Zhijun

Huawei Rotating Chairman Xu Zhijun explained, “Huawei adheres to not manufacturing cars but rather leveraging its ICT technology expertise and marketing capabilities to help car companies build and sell better cars. We will continue to fulfill our commitment to customers and partners, jointly promote the rise of the automotive industry.”

Huawei Executive Director and Chairman of the Intelligent Car Solutions Business Unit, Richard Yu, added, “We have always believed that China needs to create an open platform for electrification and intelligence in the automotive industry, one that involves the active participation of car manufacturers and functions as a ‘locomotive’ for the industry. Through deepening cooperation with Changan and working with more strategic partner car companies, we will constantly explore new models of open collaboration and win-win cooperation. Together, we will seize the opportunities presented by the electrification and intelligence transformation of the automotive industry, and fulfill the dream of China’s automotive industry rising to prominence.”

According to PhoneAuto, Huawei and Changan Automobile have long been engaged in strategic cooperation in multiple areas. In 2019, Huawei and Changan Automobile deepened their strategic cooperation and established a joint innovation center. Subsequently, Changan Automobile, along with Huawei and battery company CATL, jointly created Avita Technology. Huawei provided advanced assisted driving functions and HarmonyOS smart cockpit to Avita Technology. In August 2023, Changan Shenlan and Huawei Vehicle BU signed a cooperation framework agreement, focusing on the intelligentization of automobiles and jointly promoting the research, development, and application of new technologies in the field of smart electric vehicles.

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