Changan
Changan establishes German subsidiary as it targets 480,000 overseas sales in 2024
Changan's German subsidiary has been registered, marking another step in its "Vast Ocean" plan.
Avatr kicks off Avatr 012 pre-sales: Starts at $98,110, limited to 700 units
The Avatr 012 is Avatr's second limited-edition model, based on the Avatr 12 electric sedan with different features to emphasize its more premium positioning.
Avatr signs deal to become 2nd-largest shareholder in Huawei's auto unit Newcool
Newcool's business scope will cover full-stack solutions for smart cars and is expected to grow into China's largest smart car solution provider, analysts said.
Avatr to acquire 10% stake in Huawei's parts unit Newcool for $1.6 billion
After the transaction, Avatr will hold a 10 percent stake in Newcool, while Huawei will hold 90 percent.
Avatr to unveil limited-edition model Avatr 012 on Aug 20
The Avatr 012 is expected to be based on the Avatr 12 electric sedan to target fashion-conscious potential customers.
Avatr cancels its last directly-managed stores, shifts fully to dealer model, report says
Previously, 90 percent of Avatr's stores have been converted from directly-managed stores to dealerships, with only a few directly-managed stores remaining in a few cities.
HiPhi may have struck restructuring deal with Changan's EV arm Avatr, report says
Avatr has approached HiPhi and may have struck a partnership deal, with the two now reorganizing their teams, according to local media.
HiPhi in touch with Changan for takeover talks, report says
HiPhi began production halt on February 18 -- the first working day after the Chinese New Year holiday -- sparking fears about its fate.
Production issues with Huawei computing unit hit some Chinese automakers, report says
The computing unit, called the MDC 810, powers advanced driver assistance systems, according to Reuters.
Changan's JV with Huawei tentatively named 'Newcool'
Under the agreement between the two, Huawei has committed not to engage in the automobile manufacturing business and not to engage in the same business as the new company, Changan chairman said.
