[Tech Dog] At the 2022 Chongqing International Auto Show held on June 25, Avita Technology and Huawei signed a comprehensive strategic cooperation agreement to jointly build high-end smart cars. The two parties will jointly invest and jointly develop, continue to iterate in the f

[Technology Dog]

At the Chongqing International Auto Show held on June 25, Avita Technology and Huawei signed a comprehensive strategic cooperation agreement to jointly create high-end smart cars. The two parties will jointly invest and jointly develop, continue to iterate in the field of high-end intelligent electric vehicles, and further create a series of intelligent vehicle products based on the new generation intelligent electric vehicle technology platform CHN, launching four new vehicles by 2025.

At the auto show, Huawei's rotating chairman Xu Zhijun said that after Huawei finalized the launch of its automotive business, he visited the chairman and CEO of almost all Chinese car companies, and during this period he found Huawei's positioning in the automotive industry - "China does not lack Huawei brand cars, but it lacks auto parts suppliers that truly possess core technologies."

"Huawei does not build cars. Based on the ICT technology accumulated over the years, it helps car companies build good cars." Xu Zhijun said.

It is worth mentioning that Huawei has repeatedly reiterated that it will not build cars. In January this year, Huawei Smart Car Solutions BU COO Wang Jun said that at present, Huawei still hopes to focus on the car companies it has cooperated with and support them. of building cars.

In March this year, at Huawei's 2021 annual report conference, Huawei Guo Ping said when talking about its smart car business that Huawei insists on not building cars and helps customers build and sell good cars.

360 Company issued an announcement announcing that its wholly-owned subsidiary 360 (Beijing) Private Equity Management Co., Ltd. plans to transfer its registered capital of 79994371.67 yuan from Hezhong New Energy Automobile Co., Ltd. (" Nezha Automobile ") (not yet actual) Capital contribution), corresponding to the transfer of 3.5320% equity of Nezha Automobile to Jiaxing Xinzhu Equity Investment Partnership (Limited Partnership) and Shenzhen Jingcheng Kuangkuang Enterprise Management Center (Limited Partnership), with a transfer consideration of 0 yuan.

After the transfer is completed, the company still holds 11.4266% equity in Nezha Automobile (corresponding to a registered capital of 258792571.58 yuan).

According to the announcement, 360 disclosed in October 2021 that it had decided to invest 2.9 billion yuan to invest in Nezha Automobile, with a cumulative paid-in investment of 1.9 billion yuan. Currently, there is still 1 billion yuan unpaid, corresponding to 3.5320% of Nezha Automobile’s equity. After the transfer of

is completed, the transferee obtains a total registered capital of 79,994,371.67 yuan from the target company and is obligated to pay an investment amount of 1 billion yuan to the target company.

In the announcement, 360 stated that this move is to optimize the equity structure of the target company, improve the governance mechanism of the target company, and is based on the long-term cooperative development purpose of mutual benefit and win-win for both parties.

Regarding the future cooperation between the two parties, this announcement stated that "the cooperation between the company and Nezha Automobile in the Internet of Vehicles security business is progressing smoothly. After the completion of this transaction, the company will still be a shareholder of Nezha Automobile. The two parties will work on network security, intelligent driving safety technology, etc." We will continue to communicate in the field and jointly conduct in-depth research on the security of intelligent connected cars ”