Huawei has announced a joint venture with Changan Automobile, China’s fourth-ranked car manufacturer, to establish a subsidiary company called Shenzhen Yinwang Intelligent Technology. This new company, with a registered capital of 1 billion yuan, will focus on the production of smart car components, integration of services with AI systems, and the development of AI software.
According to a report by the South China Morning Post, this new venture will be managed under Huawei’s leadership, combining the technologies and resources of both Huawei and Changan.
The image from inside the AITO M9 car, which runs on the HarmonyOS operating system.
Over the past few years, Huawei has made significant investments in smart car technology, aiming to become a major player in the market. Meanwhile, Changan Automobile is actively seeking partnerships to enhance its competitiveness against other car manufacturers.
This collaboration between Huawei and Changan is a significant move in the Chinese automotive industry, expected to lead to the emergence of new smart cars with advanced features and technologies in the market.
TLDR: Huawei and Changan Automobile are joining forces to establish Shenzhen Yinwang Intelligent Technology, a subsidiary focused on smart car components and AI software development. Huawei’s investment in smart car technology aims to solidify its position in the market, while Changan is seeking partnerships for enhanced car development. This collaboration is expected to bring new advanced smart cars to the market in the near future. Source: South China Morning Post via The Truth About Cars.
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