Huawei intends to absorb the manufacturer of electric cars

Huawei intends to absorb the manufacturer of electric cars

FineAuto

As Reuters writes with reference to its insiders, the Chinese technological concern Huawei Technologies, known in Ukraine primarily for its smartphones, intends to seriously engage in “smart” electric cars and is ready to take over one of the small Chinese automakers under the project.

So it became known that Huawei is negotiating with the car company Chongqing Sokon on the acquisition of its division for the production of hybrids and electric vehicles Chongqing Jinkang New Energy Automobile (operates under the Seres brand). It is assumed that such a step will allow Huawei to independently produce cars under its own brand, and not enter into a contract for the assembly of cars with a third-party company (as, for example, the American Apple intends to do).

Entering the electric vehicle market at Huawei is seen as an opportunity to diversify its business. The company has been under US sanctions for two years now, which makes it difficult for it to work with suppliers of components that are afraid of falling under indirect restrictions.

The Chinese tech giant already has a history of close cooperation with Chongqing Jinkang New Energy – its Seres SF5 is equipped with Huawei’s advanced media complex and has been sold through the tech giant’s network since the end of April. The machine with the Huawei system collected 3,000 prepaid orders in China in two days.

As a reminder, the Seres SF5 is a midsize hybrid crossover with a 1.5-liter petrol engine and a pair of electric motors that collectively develop about 550 hp. Acceleration time from 0 to 100 km / h – 4.7 seconds. On pure electric traction, the car can travel up to 180 km.

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