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AVATR Changan China Deals Electric eMobility eV Huawei Newcool

Avatr signs deal to become 2nd-largest shareholder in Huawei’s auto unit Newcool

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.

For details, please visit CnEVPost.

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AVATR Changan China Deals Electric eMobility eV Huawei Newcool

Avatr to acquire 10% stake in Huawei’s parts unit Newcool for $1.6 billion

After the transaction, Avatr will hold a 10 percent stake in Newcool, while Huawei will hold 90 percent.

For details, please visit CnEVPost.