China's GAC and Huawei to Launch New Luxury Car Brand
News Section
Guangzhou Automobile Group (GAC) announced the establishment of a new company in partnership with technology giant Huawei to launch a new luxury automotive brand.
The Chinese automaker revealed in a statement posted on the WeChat platform that it invested 1.5 billion yuan ($207.46 million) to establish this joint venture.
This initiative aligns with both companies' strategies to leverage Huawei's advanced technology capabilities and GAC's automotive expertise, aiming to strengthen their competitive position in the luxury car market.
Related topics
تاريخ النشر: 18/03/2025
Chinese automaker BYD has unveiled its groundbreaking "Super E-Platform," a revolutionary technology capable of charging electric vehicles at speeds of up to 1,000 kilowatts
تاريخ النشر: 07/01/2025
Mobility Companies Adopt NVIDIA Technologies, NVIDIA announced that major mobility companies, such as Toyota Motor Corporation, Aurora, and Continental, will rely on NVIDIA's accelerated computing and artificial intelligence technologies
تاريخ النشر: 03/07/2024
Tesla Faces Ongoing Challenges in Quarterly Deliveries, A Second Consecutive Decline in Tesla Car Deliveries Despite Musk's Efforts
تاريخ النشر: 27/06/2024
Investors anticipate a surge in Rivian's stock thanks to Volkswagen's investment. The German automaker Volkswagen has announced a $5 billion investment