The deal values Newcool at RMB 115 billion, the same as when Avatr bought a 10 percent stake earlier this month.
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Category: Huawei
Newcool's business scope will cover full-stack solutions for smart cars and is expected to grow into China's largest smart car solution provider, analysts said.
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After the transaction, Avatr will hold a 10 percent stake in Newcool, while Huawei will hold 90 percent.
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Aito M8 has been spied testing and should launch before the end of this year. It should be a five-seat SUV.
The post Aito M8 spied as Huawei backed brand looks to launch fourth model appeared first on CarNewsChina.com.
Voyah said the new Dreamer MPV brings the dream of smart mobility into reality, making traditional MPVs a thing of the past.
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A new large sedan has been spied testing in China. Speculation suggests it may be the first car from Maextro the JAC Huawei brand.
The post Mystery sedan spied – possibly the first Maextro model from Huawei JAC tie-up appeared first on CarNewsChina.com.
The next-generation A5 will be the first Audi model to feature Huawei's smart driving solution, according to local media.
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The Bao 8 is expected to feature Huawei's Qiankun ADS 3.0, which will be the first collaboration between BYD and Huawei in the smart driving space.
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The Stelato S9 -- the first model jointly built by Huawei and BAIC BluePark -- has received more than 2,500 firm orders in the first 24 hours of its launch.
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Maextro's first model is expected to be launched in the first quarter of next year, with JAC currently hoping to build 38 test cars, according to local media.
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