Reuters exclusively reported that Huawei Technologies’ (HWT.UL) new smart car software and components firm is set for a valuation of up to 250 billion yuan ($34.67 billion) after it sells stakes to investors including Changan Auto.
AutomotiveTechnology
Huawei’s new smart car firm valued up to $35 billion amid advanced stake talks
29 November 2023, 10:09 am 1 minute
Market Impact
Huawei will likely remain the single largest shareholder with 40% to 50% for at least the next two-to-three years.
Article Tags
Topics of Interest: AutomotiveTechnology
Type: Reuters Best
Sectors: TechnologyTransport & Logistics
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
