Shulou(Shulou.com)12/24 Report--

CTOnews.com, November 28, Changan Automobile and Huawei Technology Co., Ltd. signed a Memorandum of Investment Cooperation on November 25. After consultation between the two sides, Huawei intends to establish a company engaged in the research, design, production, sales and service of automotive intelligent systems and components solutions (CTOnews.com hereinafter referred to as "the target company"), and Changan Automobile intends to invest in the target company and carry out strategic cooperation.

According to Interface News, Huawei BU employees can receive compensation from Huawei when they switch to the joint venture with Changan Motor, while employees can retain Huawei's internal shares and enjoy Huawei dividends. Employees can get another 4 months' signing fee after signing up with the new company.

Yu Chengdong, managing director of Huawei and chairman of BU, said that Huawei will still lead the technology research and development direction of the new joint venture, and that Huawei's smart car business partners will join the joint venture in the future.

According to the Memorandum of Investment Cooperation, Huawei has set up a target company, whose business scope includes automobile intelligent driving solution, car intelligent cockpit, smart car digital platform, smart car cloud, AR-HUD and smart car lights, etc., and injects relevant technologies, assets and personnel dedicated to the business scope of the target company into the target company, and the specific business scope and loading plan are determined in the final transaction document. In this transaction, Changan Automobile and its related parties intend to contribute to acquire the equity of the target company, the proportion of which shall not exceed 40%. The specific equity proportion, capital contribution amount and time limit shall be discussed separately by both parties.

"We have always believed that China needs to build an electric, intelligent and open platform with the participation of the automobile industry, an open platform with 'locomotives'," said Yu Chengdong. We will deepen cooperation with Changan, and at the same time, we will work together with more strategic partner automobile companies to constantly explore a new mode of opening up and win-win results, and jointly seize the opportunity of the electric and intelligent transformation of the automobile industry to realize the dream of the rise of China's automobile industry. "

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