Jan 17, 2024 06:15 PM
BUSINESS
Huawei Sets Up Separate Smart Car Unit, Site Shows
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A Huawei store in Chengdu, Southwest China’s Sichuan province, in April 2021. Photo: VCG
Huawei Technologies Co. Ltd. has completed registration of a new company dedicated to developing intelligent car systems and components, according to corporate database Tianyancha, solidifying the latest push by the Chinese tech giant to grow its fledgling smart auto business.
The new firm, named Shenzhen Yinwang Intelligent Technology Co. Ltd., was set up Tuesday with a registered capital of 1 billion yuan ($140 million), according to Tianyancha. It is 100% owned by Huawei.
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