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Huawei in talks to take control of small Chinese automaker’s EV unit
- Thursday | 29th April, 2021
HONG KONG (Reuters) -China’s Huawei Technologies is in talks to take control of a small domestic automaker’s electric vehicle (EV) unit, two people with direct knowledge of the matter said, in what is seen as a strategic shift for the world’s largest telecom equipment maker. Jinkang counts US EV brand Seres, formerly known as SF Motors, as its main asset. It would also provide the first evidence that Huawei is looking to go beyond just offering auto operating systems and have an end-to-end presence in the EV business. In February, Reuters reported that Huawei plans to make EVs under its own brand and could launch some models this year. For months, Huawei has been deeply involved in the operation and manufacturing of the little-known Sokon and its loss-making Seres unit.
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