Monday, November 3, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

China’s Huawei partners with more automakers to produce Aito EVs By Reuters

by Index Investing News
April 2, 2023
in Stock Market
Reading Time: 2 mins read
A A
0
Home Stock Market
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: Huawei logo is pictured on its headquarters building in Reading, Britain July 14, 2020. REUTERS/Matthew Childs/File Photo

SHANGHAI (Reuters) – China’s Huawei Technologies is partnering with more legacy automakers to produce Aito-branded electric cars, the company’s senior executive said on Saturday, in a move to expand its presence in the auto industry.

Huawei will team up with Chery Automobile, BAIC Motor and Anhui Jianghuai Automobile Group in jointly developing and manufacturing Aito-branded vehicles, Richard Yu, Huawei’s Smart Car CEO, said at the China EV 100 forum in Beijing.

Huawei, which has already a partnership with Seres Group to make Aito cars, plans a series of models including SUVs, sedans and multipurpose vehicles under the Aito brand, Yu added.

“We’d like to fully use the automakers’ resources of production capacity,” Yu said.

Seres sold a total of 80,000 Aito cars featuring Huawei’s HarmonyOS system – developed by the company as an alternative to Android – in 2022, up more than six times from a year ago, according to company filings.

Huawei’s Chairman Eric Xu reiterated at a press conference on Friday that the company doesn’t make cars on its own but only helps other automakers make better vehicles.

Huawei has been hit by a series of export controls by Washington which says it is a security risk, which the company denies. The sanctions have blocked Huawei from buying key components as well as from using Google (NASDAQ:)’s Android operating system. 

The sanctions have also affected Huawei’s partnerships with global automakers, who have given up using Huawei’s vehicle connectivity technologies in the past two years, Yu said on Saturday.

Tension with the U.S. saw Meng detained for three years in Canada over alleged efforts to cover up attempts by Huawei-linked companies to sell equipment to Iran in breach of U.S. sanctions.



Source link

Tags: AitoautomakersChinasEVsHuaweiPartnersproduceReuters
Previous Post

March Bitcoin Mining Stats Show Climbing Revenue and Hashrate Highs – Mining Bitcoin News

Next Post

Balaji Srinivasan’s $1M Bitcoin Bet Could Be Right, but I Hope He’s Wrong

Related Posts

AptarGroup: Pharma Setback Creates Long-Term Opportunities (NYSE:ATR)

AptarGroup: Pharma Setback Creates Long-Term Opportunities (NYSE:ATR)

by The Value Investor
November 2, 2025
0

This text was written byComply withThe Worth Investor has a Grasp of Science with specialization in monetary markets and a...

These REITs Could Outperform The Vanguard Real Estate ETF

These REITs Could Outperform The Vanguard Real Estate ETF

by Jussi Askola
November 1, 2025
0

This text was written byObserveJussi Askola is the President of Leonberg Capital, a value-oriented funding boutique that consults hedge funds,...

Procter & Gamble Stock And Its Real Value (NYSE:PG)

Procter & Gamble Stock And Its Real Value (NYSE:PG)

by Grant Gigliotti
November 1, 2025
0

This text was written byObserveGrant Gigliotti is the founding father of Beat The Market Analyzer, a number one worth investing...

Getting Started: How to Browse Listings

Getting Started: How to Browse Listings

by Andrea Vargas
October 31, 2025
0

Discovering the precise stock on B-Inventory is easy as soon as you recognize the place to look. On this information,...

Alerus Financial Corporation (ALRS) Q3 2025 Earnings Call Transcript

Alerus Financial Corporation (ALRS) Q3 2025 Earnings Call Transcript

by SA Transcripts
October 31, 2025
0

ObserveQ3: 2025-10-30 Earnings AbstractEPS of $0.66 beats by $0.07  | Income of $73.20M (42.92% Y/Y) beats by $1.81M Alerus Monetary Company...

Shipping: B-Stock Lot Sizes

Shipping: B-Stock Lot Sizes

by Editorial Team
November 1, 2025
0

When coping with bulk portions, it’s necessary to know totally different lot sizes so you may bid and purchase accordingly....

Next Post
Balaji Srinivasan’s M Bitcoin Bet Could Be Right, but I Hope He’s Wrong

Balaji Srinivasan’s $1M Bitcoin Bet Could Be Right, but I Hope He’s Wrong

Monthly Dividend Stock In Focus: Boston Pizza Royalties Income Fund

Monthly Dividend Stock In Focus: Boston Pizza Royalties Income Fund

This 70-million-year-old fossil still glows with shifting colours; scientists finally know why |

This 70-million-year-old fossil still glows with shifting colours; scientists finally know why |

November 3, 2025
American Century Equity Income Fund Q3 2025 Commentary

American Century Equity Income Fund Q3 2025 Commentary

November 3, 2025
China’s Baidu says it’s running 250,000 robotaxi rides a week — same as Alphabet’s Waymo

China’s Baidu says it’s running 250,000 robotaxi rides a week — same as Alphabet’s Waymo

November 3, 2025
False robot alien spider story is invading social media

False robot alien spider story is invading social media

November 3, 2025
Price Band To GMP — Here’s All You Need To Know

Price Band To GMP — Here’s All You Need To Know

November 3, 2025
Snapmaker’s  million U1 printer promises five times faster prints and much less waste in real-world tests

Snapmaker’s $20 million U1 printer promises five times faster prints and much less waste in real-world tests

November 2, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

This 70-million-year-old fossil still glows with shifting colours; scientists finally know why |

American Century Equity Income Fund Q3 2025 Commentary

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In