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Guangzhou Automobile Group (GAC) has denied rumors that its new subsidiary, Huawang Auto, formed in partnership with Huawei, will acquire Evergrande NEV's Nansha plant. GAC clarified that there have been no discussions regarding the purchase, emphasizing that Huawang Auto will focus on utilizing existing production capacity and leveraging Huawei's expertise in product development and marketing. The new luxury intelligent NEV brand is set to launch soon, with the first model priced around CNY300,000.
Patent applications from China reached a record high in 2024, with Huawei leading the charge, ranking second overall at the European Patent Office. Chinese firms filed 20,081 applications, accounting for 10.1% of the total, with significant growth in battery technology and electrical machinery. Notable companies include CATL, ZTE, Xiaomi, Vivo Mobile, and Tencent, reflecting China's strong innovation capabilities in key technological fields.
Huawei's access to EU lobbying has been severely restricted following a corruption scandal linked to the European Parliament. Major industry groups, including DigitalEurope and BusinessEurope, have suspended Huawei's membership amid ongoing investigations, while other organizations are evaluating their ties with the company. The situation has escalated after Belgian police raided Huawei's Brussels office, prompting a review of its involvement in various EU lobbying efforts.
Huawei's three EV brands have launched updates featuring enhanced smart functions, including gesture-controlled door opening and the Huawei Advanced Driving System 3.3 for the Aito M9. The Aito M5 has also received advanced intelligent driving capabilities, with deliveries starting next month. Presales for the Aito M8 have surpassed 70,000 units, while the Stelato S9 and Luxeed R7 are also gaining traction in a competitive market focused on intelligent driving technology.
Guangzhou Automobile Group Co. Ltd. (GAC) and Huawei Technologies Co. Ltd. have launched a new automotive venture, Huawang Automotive Technology (Guangzhou) Co. Ltd., aimed at creating a luxury electric vehicle brand. The upcoming models will incorporate Huawei's advanced intelligent driving software and smart vehicle technologies, with the first vehicle expected to be priced around 300,000 yuan ($41,489).
Guangzhou Automobile Group has launched a subsidiary, Huawang Automotive Technology Guangzhou, to co-develop a luxury vehicle brand with Huawei Technologies, investing CNY1.5 billion. The first model will be a luxury intelligent new energy vehicle priced around CNY300,000, featuring Huawei's smart driving and vehicle control solutions. This partnership aims to enhance GAC's position in smart driving technology by 2027, moving beyond traditional collaboration models.
Huawei Technologies is enhancing its autonomy in personal computing by developing the Kirin X90 PC chip, which utilizes SMIC's 7nm technology. This move marks a shift away from reliance on Intel and Microsoft, and the new processor has achieved China's Level 2 national certification.
Chinese automaker GAC is set to launch a new car brand in collaboration with Huawei. This partnership aims to enhance GAC's technological capabilities and expand its market presence. The initiative reflects the growing trend of automotive companies integrating advanced technology into their vehicles.
Five individuals have been charged in a bribery investigation linked to Huawei Technologies, following raids in Belgium and Portugal. The charges include active corruption and money laundering, with allegations of discreet lobbying efforts benefiting Huawei since 2021. The investigation has raised concerns about foreign interference in the European Parliament, prompting calls for stricter regulations on high-risk vendors in telecom infrastructure.
Apple's iPhone shipments in China fell 21% year-over-year in January, marking a significant decline from December's growth. Despite ongoing challenges and competition from domestic brands like Huawei and Xiaomi, Goldman Sachs remains optimistic, maintaining a "Buy" rating on Apple with a price target of $294, suggesting potential upside. The latest data indicates a slight stabilization in foreign-branded phone shipments, which rose 17% month-over-month, although still below historical averages.
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GAC denies rumors of acquiring Evergrande NEV's Nansha plant amid new venture
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06:54 27.03.2025
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