Stock Market News

China’s Huawei partners with more automakers to produce Aito EVs

2023.04.01 09:21


© Reuters. FILE PHOTO: Huawei logo is pictured on its headquarters building in Reading, Britain July 14, 2020. REUTERS/Matthew Childs/File Photo

SHANGHAI (Reuters) – China’s Huawei Technologies is partnering with more legacy automakers to produce Aito-branded electric cars, the company’s senior executive said on Saturday, in a move to expand its presence in the auto industry.

Huawei will team up with Chery Automobile, BAIC Motor and Anhui Jianghuai Automobile Group in jointly developing and manufacturing Aito-branded vehicles, Richard Yu, Huawei’s Smart Car CEO, said at the China EV 100 forum in Beijing.

Huawei, which has already a partnership with Seres Group to make Aito cars, plans a series of models including SUVs, sedans and multipurpose vehicles under the Aito brand, Yu added.

“We’d like to fully use the automakers’ resources of production capacity,” Yu said.

Seres sold a total of 80,000 Aito cars featuring Huawei’s HarmonyOS system – developed by the company as an alternative to Android – in 2022, up more than six times from a year ago, according to company filings.

Huawei’s Chairman Eric Xu reiterated at a press conference on Friday that the company doesn’t make cars on its own but only helps other automakers make better vehicles.

Huawei has been hit by a series of export controls by Washington which says it is a security risk, which the company denies. The sanctions have blocked Huawei from buying key components as well as from using Google (NASDAQ:)’s Android operating system. 

The sanctions have also affected Huawei’s partnerships with global automakers, who have given up using Huawei’s vehicle connectivity technologies in the past two years, Yu said on Saturday.

Tension with the U.S. saw Meng detained for three years in Canada over alleged efforts to cover up attempts by Huawei-linked companies to sell equipment to Iran in breach of U.S. sanctions.

Source link

Related Articles

Back to top button
telcoin
Telcoin (TEL) $ 0.008507 3.43%
jito-governance-token
Jito (JTO) $ 2.60 2.97%
pyth-network
Pyth Network (PYTH) $ 0.211772 3.99%
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 2,490.60 0.88%
kaia
Kaia (KAIA) $ 0.129232 0.81%
the-sandbox
The Sandbox (SAND) $ 0.309779 1.84%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.17 8.59%
iota
IOTA (IOTA) $ 0.205842 4.82%
flow
Flow (FLOW) $ 0.473856 1.59%
wbnb
Wrapped BNB (WBNB) $ 619.38 1.51%
ethereum-name-service
Ethereum Name Service (ENS) $ 22.30 1.44%
bittorrent
BitTorrent (BTT) $ 0.00000074047739 1.80%
tether-gold
Tether Gold (XAUT) $ 2,913.18 0.32%
paypal-usd
PayPal USD (PYUSD) $ 1.00 0.05%
raydium
Raydium (RAY) $ 2.39 6.76%
arbitrum-bridged-wbtc-arbitrum-one
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 86,982.31 0.67%
bitcoin-sv
Bitcoin SV (BSV) $ 35.11 0.38%
msol
Marinade Staked SOL (MSOL) $ 174.90 3.78%
neo
NEO (NEO) $ 9.54 1.66%
ronin
Ronin (RON) $ 1.03 1.07%
pancakeswap-token
PancakeSwap (CAKE) $ 2.17 0.43%
usdx-money-usdx
usdx.money USDX (USDX) $ 0.997237 0.26%
pax-gold
PAX Gold (PAXG) $ 2,918.63 0.34%
curve-dao-token
Curve DAO (CRV) $ 0.464833 5.26%
elrond-erd-2
MultiversX (EGLD) $ 21.32 1.65%
axie-infinity
Axie Infinity (AXS) $ 3.70 1.12%
helium
Helium (HNT) $ 3.28 2.45%
kaito
KAITO (KAITO) $ 2.38 42.24%
spx6900
SPX6900 (SPX) $ 0.620111 1.16%
thorchain
THORChain (RUNE) $ 1.64 18.21%
zcash
Zcash (ZEC) $ 35.89 10.31%
conflux-token
Conflux (CFX) $ 0.115784 2.57%
insurance-2
INSURANCE (INSURANCE) $ 30.17 0.53%
dogwifcoin
dogwifhat (WIF) $ 0.563772 4.28%
mantle-restaked-eth
Mantle Restaked ETH (CMETH) $ 2,544.41 0.76%
jupiter-staked-sol
Jupiter Staked SOL (JUPSOL) $ 149.57 3.82%
l2-standard-bridged-weth-base
L2 Standard Bridged WETH (Base) (WETH) $ 2,395.02 0.98%
starknet
Starknet (STRK) $ 0.212371 4.45%
arweave
Arweave (AR) $ 8.29 3.39%
resolv-usr
Resolv USR (USR) $ 0.999826 0.01%
chain-2
Onyxcoin (XCN) $ 0.016457 5.84%
decentraland
Decentraland (MANA) $ 0.287805 1.20%
binance-peg-dogecoin
Binance-Peg Dogecoin (DOGE) $ 0.206404 0.55%
arbitrum-bridged-weth-arbitrum-one
Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,398.61 0.94%
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.008338 4.63%
newton-project
AB (prev. Newton) (AB) $ 0.011336 6.00%
dydx-chain
dYdX (DYDX) $ 0.700436 3.61%
beldex
Beldex (BDX) $ 0.07408 0.82%
apecoin
ApeCoin (APE) $ 0.636048 4.66%
pumpbtc
pumpBTC (PUMPBTC) $ 84,453.63 1.77%