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Huawei’s new smart car firm valued up to $35 billion amid advanced stake talks  | Reuters News Agency

News Times HD
By News Times HD


AutomotiveTechnology

29 November 2023, 10:09 am 1 minute

Reuters exclusively reported that Huawei Technologies’ (HWT.UL) 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.  

Market Impact

Huawei will likely remain the single largest shareholder with 40% to 50% for at least the next two-to-three years.

Article Tags

Topics of Interest: AutomotiveTechnology

Type: Reuters Best

Sectors: TechnologyTransport & Logistics

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story



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