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according to it home on september 3, a huawei official told the securities times that yinwang will be controlled by huawei in the short term, but yinwang's investment cooperation is open to all car companies. the relevant cooperation between huawei and car partners such as baic bluepark and jac motors is currently under negotiation.

yinwang's full name is "shenzhen yinwang intelligent technology co., ltd.". it was officially established on january 16, 2024. it was originally 100% owned by huawei. it is a subsidiary of huawei dedicated to the development of the smart car industry and providing automotive intelligent systems and component solutions.

according to previous reports by it home, in august this year, avita and seres each invested 11.5 billion yuan in huawei yinwang, each holding a 10% stake.

on the evening of september 2, baic bluepark, one of huawei's hongmeng intelligent driving partner car companies, announced that its subsidiary baic new energy will receive a total capital increase of no more than 12 billion yuan.

on september 3, a person in charge of baic blue valley said that this large amount of financing is to enable the company to continue to develop better. regarding the market's concern about whether the funds will be used to invest in guiwang, the person in charge said that the company has no relevant response.