Yu Chengdong: The new company has sent an invitation to the "Four Realms", hoping that FAW Group will join...
Edited by Li Zedong
On the afternoon of November 28, Huawei held a press conference for the S7 and Huawei. According to the meeting, the number of reservations for the Zhijie S7 has exceeded 20,000 units.
Yu Chengdong, Executive Director of Huawei and Chairman of Intelligent Vehicle Solution BU, said that Huawei has issued an invitation to Celis, Chery, JAC, and BAIC to open their shares, and hopes that China FAW Group will join.
Yu Chengdong said that China's powerful car manufacturers, such as FAW, are welcome to participate in the joint construction and jointly create the most advanced and ultimate intelligent vehicle solution products.
At the press conference, Yu Chengdong said that Huawei has three cooperation models in the automotive business, one is the parts model, one is the Huawei HI model, the other is the smart car model, and the third is the mode with the deepest cooperation.
"What you see now is the product of Huawei's cooperation with Cialis and Chery, and the products of Huawei's cooperation with BAIC and JAC in the future are already in the process of development and are already on the way, and the cooperative products will become more and more high-end," Yu Chengdong said.
Image source: Zhijie S7 and Huawei's all-scenario press conference
According to reports, on November 26, Huawei and Changan Automobile announced that they had signed a memorandum of understanding on investment cooperation. After negotiations, Huawei plans to establish a new company to focus on the R&D, production, sales, and service of intelligent driving systems and incremental components for intelligent and connected vehicles. According to the MOU, Huawei intends to integrate the core technologies and resources of the intelligent vehicle solution business into the new company.
At the market level, Huawei's new company in the intelligent vehicle solution business triggered a sharp rise in auto stocks in the capital market.
On November 28, the first batch of Changan Automobile (000625) to participate in the joint venture closed at 21.48 yuan, up 9.82%, with a total market value of 213.07 billion yuan, FAW Jiefang (000800), FAW Fuwei (600742) both rose to the limit, driven by this, BAIC Blue Valley (600733) rose 8.31%, JAC (600418), Cialis (601127) and so on.
Previously, it was rumored that Changan Automobile will acquire about 30% of the shares of Huawei's car BU (Huawei's end-to-end business responsibility for the field of intelligent vehicles) at a valuation of 300 billion yuan. This time, Changan Automobile further clarified that the company and its affiliates intend to invest no more than 40% of the equity of Huawei's new company, and the specific equity ratio, capital contribution amount and term will be discussed separately by the two parties.
Image source: Daily Economic News data map
As soon as the news of the cooperation between Changan and Huawei came out, another partner of Huawei, Celis, issued a statement saying that it had received an invitation to jointly invest in the target company (i.e., Huawei's new company) to jointly participate in the construction of an electrified and intelligent open platform, and the company was actively discussing matters related to participation in investment and cooperation.
In addition, on November 27, JAC Motors said in a statement that the company has been in close communication with Huawei since the strategic cooperation with Huawei in 2019, and the scope has continued to expand. Huawei is highly concerned about Huawei's plan to establish an independent company for automotive intelligent systems and component solutions, and is actively discussing with Huawei matters related to investment and cooperation.
According to The Paper, on November 27, Yu Chengdong, executive director of Huawei and chairman of the intelligent vehicle solution BU, told reporters that the new joint venture will still be led by Huawei, and the partners of Huawei's smart car business will join the joint venture one after another in the future.
After trading on November 27, according to incomplete statistics, a total of 10 listed companies, including Jinlu Electronics, Sulian Shares, Jingu Shares, Shuanglin Shares, Chuanhuan Technology, Guanghui Automobile, Asia-Pacific Shares, Desay SV, Sanlian Forging and Guangting Information, have replied to the specific situation of supply or cooperation with Changan Automobile in the past two trading days.
Among them, Jinlu Electronics said that the company's PCB is used in the field of domain controllers for intelligent driving, and can eventually be applied to Changan Automobile's dark blue, AVATR and other models. Kotei Information Co., Ltd. said that it currently mainly provides intelligent cockpit software development and intelligent networked vehicle testing services for Changan Automobile.
Bojun Technology said on the interactive platform on November 27 that the company is the body parts supplier of Changan Automobile, and supplies body parts and other related products for Changan Automobile.
Tongxing Technology said on the interactive platform on November 27 that the company has cooperated with Chang'an for many years and will continue to deepen the cooperative relationship in the future.
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