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The valuation of Huawei's new joint venture is as high as 250 billion: FAW and Dongfeng will also participate

via:快科技     time:2023/11/29 20:01:10     readed:198

Fast Technology November 29 news, last Sunday, Huawei and Changan Automobile signed the "Memorandum of Investment Cooperation".

According to the latest media reports, after Huawei's proposed intelligent vehicle systems and components company sold shares to investors,It could be valued at up to 250 billion yuan

Among them, Changan Automobile and parent company China Ordnance Equipment Group or purchase about 35% and 5% of the equity of the new company respectively, according to the valuation calculation, the amount of capital of the two will reach 87.5 billion and 12.5 billion yuan respectively.

The report also said,Minority shareholders in the new company also include FAW Group and Dongfeng Motor Group, which are in advanced talks with Huawei to buy stakes of up to 5 percent each

It is worth noting that Huawei intends to establish a company engaged in the research and development, design, production, sales and service of automotive intelligent system and component solutions, and the business involved can be roughly divided into application technology and basic technology.

The main businesses separated out are intelligent driving solutions, intelligent cockpit, intelligent car digital platform, intelligent car cloud, AR-HUD and intelligent car lights, which are application technology categories and can be sold externally, while the lower-level chips, light, software algorithms, etc., are firmly in Huawei's hands.

There are internal employees said that the total number of employees of Huawei Car BU, including outsourcing personnel, is less than 5,000, at least in the next two to three years.Huawei is likely to remain the single largest shareholder with a stake of 40-50 per cent

Some analysts believe that with the addition of more domestic forces, the newly established company of Huawei and Changan has the opportunity to grow into a giant in the Chinese auto market, which can not be underestimated.


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