lao bai talks about cars, issue 45 | huawei's car bu has become a hot commodity, and the two chongqing car companies that joined first have stabilized
2024-09-01
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follow lao bai and don’t be a “car novice”.
the two most important events in the automotive industry last week were that changan and seres successively invested in yinwang intelligent technology co., ltd., which is led by huawei. yinwang is actually huawei's independent establishment of its former intelligent vehicle solution business unit, the car bu.
the core logic behind huawei's actions is to fulfill its promise of "not making cars" and focus on being a supply platform for car companies rather than a competitor. then, many car companies will be pulled into the yinwang platform, and when everyone is tied together, there will be no competition and conflicts, and they can make a fortune together.
of course, this is not the point. lao bai is concerned about two chongqing companies, changan and seres. both companies paid 11.5 billion yuan each and each obtained 10% of yinwang’s equity. these are also the first two partners that yinwang welcomed.
so what is the prospect of this cooperation? to be honest, if we asked this question at this time last year, no one would dare to say that the prospect would be bright. at that time, huawei's automotive bu business was still tepid in scale and certainly not profitable. there was even a rumor in the market that huawei was going to sell the automotive bu business in a package.
however, in the past year, especially in the first half of this year, the m7 and m9 launched by huawei and seres have sold well, and huawei's automotive bu and seres have turned losses into profits. people's confidence in huawei's automotive bu's business has increased by several orders of magnitude.
as a result, huawei's automotive business has become a hot commodity, and jac, chery, faw, dongfeng and other automakers are currently considering investing in yinwang. of course, changan and seres, which have already "got on board", are certainly stable, and will definitely have the first-mover and active advantages in obtaining huawei's technology and channel support in the future.
why did these two companies in chongqing take the lead? this is certainly not a coincidence. whether it is changan or seres, they are the earliest and most in-depth car companies to cooperate with huawei in china. for example, changan established a cooperative relationship with huawei in 2018. avita, a subsidiary of changan, adopted a cooperative development model with huawei, that is, jointly defining and jointly developing smart cars.
not to mention seres, which has adopted the smart car model of jointly designing, developing and selling cars with huawei.
moreover, the results of the cooperation between seres and avita and huawei are the most representative so when huawei's automotive bu introduces strategic investors, it must first consider the two "old brothers".
lao bai believes that the deepening cooperation between changan, seres and huawei shows an important evolution in the current development of the automobile industry: the relationship between vehicle manufacturers and supporting suppliers is changing from "party a" and "party b" in the supply chain to a community of interests. traditional automobile companies, new car manufacturing forces and technological innovation companies are also accelerating the construction of a new ecology of the automobile industry through integrated development.
at present, it seems that chongqing has caught up with this trend and has a promising future.
that’s all for today, thank you everyone!
