On November 26th, Changan Automobile and Huawei signed a “Memorandum of Investment Cooperation”. After negotiation, Huawei plans to establish a company engaged in the research, design, production, sales, and service of intelligent automotive systems and components solutions. The company intends to invest in the target company and carry out strategic cooperation.
Special notice: The memorandum of cooperation signed this time is an intention document, and the relevant cooperation matters still need further negotiation. The company will follow the approval process according to the progress of the relevant matters and fulfill the obligation of information disclosure in a timely manner.
Both parties promise to engage in long-term cooperation and strategic synergy with the target company. In principle, components and solutions within the business scope will be provided to the target company’s vehicle customers. Huawei will not engage in business that competes with the target company’s business scope, and Changan Automobile will comprehensively promote strategic synergy with the target company. This investment cooperation memorandum signed this time, Huawei’s relevant workers also responded to this. Huawei hopes to create an electrified and intelligent open platform jointly participated in by the automotive industry. This cooperation with Changan is the evolution of Huawei’s platform strategy in the intelligent automotive field, and will continue to work with more car companies on this open platform to continuously explore new models of open and win-win cooperation. With the hot sales of the Wanjie and Zhijie series, Huawei’s smart car business will continue to focus on Hongmeng Smart Travel, and accelerate cooperation with companies such as Saic-Iss and Chery in areas such as technological innovation, product definition, quality control, channel sales, and brand marketing, to build a new ecosystem for smart travel and continuously launch more intelligent, safer, and better-experienced products and services with partners.