Huawei in talks to take control of small Chinese automaker’s EV unit


Source: disruptive.asia disruptive.asia

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April 29, 2021 News Centre News 0 FILE PHOTO: People check a Seres Huawei Smart Selection SF5 electric vehicle (EV) displayed during the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song HONG KONG (Reuters) -China’s Huawei Technologies is in talks to take control of a small domestic automaker’s electric vehicle (EV) unit, two people with direct knowledge of the matter said, in what is seen as a strategic shift for the world’s largest telecom equipment maker. Huawei, which has been battered by US sanctions, is in talks with Chongqing Sokon to acquire a controlling stake in the...