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it home reported on september 22 that according to sina hummingbird, huawei's rotating chairman xu zhijun was asked about "the standards for investing in companies" during an interview.

in this regard, xu zhijun said: "automakers that use yinwang products and solutions will definitely be given priority.the target of yinwang is car companies, not financial investors.investors introduced by yinwang must be strategic investors, and investors and yinwang are closely integrated.share risks and benefits.”

it home noticed that on august 25, seres issued an announcement that its wholly-owned subsidiary seres automotive intends to purchase 10% of the equity of shenzhen yinwang intelligent technology co., ltd. held by huawei technologies co., ltd. in cash.the transaction price is 11.5 billion yuanprior to this, changan automobile's avita technology signed an equity transfer agreement with huawei in chongqing on the morning of august 20, stipulating that avita technology would purchase huawei's 10% equity in yinwang.the transaction amount is also rmb 11.5 billion。

in early september this year, a huawei insider revealed to 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.huawei is currently negotiating with baic bluepark, jac motors and other auto partners for related cooperation。

according to previous reports by it home, shenzhen yinwang intelligent technology co., ltd. was officially established on january 16. the company's business scope includes intelligent vehicle equipment manufacturing, automotive parts research and development, artificial intelligence industry application system integration services, artificial intelligence basic software development, artificial intelligence theory and algorithm software development, communication equipment manufacturing, data processing and storage support services, information consulting services, etc.the company's registered address is located in the huawei headquarters office building。