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Chongqing Changan Automobile Company Limited (000625.SZ)

Shenzhen - Shenzhen Delayed price. Currency in CNY
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14.88+1.26 (+9.25%)
At close: 03:04PM CST
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  • Reuters

    Exclusive-Huawei's new smart car firm valued up to $35 billion amid advanced stake talks -sources

    HONG KONG/SHANGHAI (Reuters) -Huawei Technologies' new smart car software and components firm is set for a valuation of up to 250 billion yuan ($34.67 billion) after it sells stakes to investors including Changan Auto, three people with knowledge of the matter said. Main auto partner Chongqing Changan Automobile and relevant parties will own up to 40% of the new firm, a Changan Auto statement showed on Sunday. Neither Changan Auto nor Huawei disclosed financial details.

  • Bloomberg

    Huawei Smart-Car Deal Sparks Gains In China Automaker, Suppliers

    (Bloomberg) -- Huawei Technologies Co.’s latest automobile-related foray once again drove big share-price moves, showing the technology giant continues to draw investors despite the uncertainty overhanging China’s stock market.Most Read from BloombergSaudi Arabia Offers Iran Investment to Blunt Gaza WarCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Bill Ackman Bets Fed Will Cut Interest Rates as Soon as First QuarterMusk’s Cybertruck Is Already a Production Nightmare for TeslaBond

  • Reuters

    Huawei to move smart car operations to new joint company with Changan

    BEIJING (Reuters) -China's Huawei said on Sunday it will move core technologies and resources in its smart car unit, which has chalked up robust sales for a number of new vehicles, to a new joint company owned up to 40% by automaker Changan Auto. The new company will engage in research and development, production, sales and service of intelligent automotive systems and component solutions, Huawei said in a press release. "The new company will ... work with partners to promote innovation and leadership in smart car technology and promote the prosperity and development of the automotive industry," the release said.