SERES and Huawei Deepen Cooperation, Aiming for Million-unit Production and Sales Goal

TapTechNews August 25th news, on August 23rd, the ceremony for deepening the strategic cooperation agreement between SERES Group and Huawei and the investment and introduction of SERES Automobile was held in Shenzhen. Zhang Xinghai, the chairman (founder) of SERES Group, He Liyang, the president of SERES Automobile, Xu Zhijun, the rotating chairman of Huawei, Yu Chengdong, the managing director of Huawei, the chairman of the Terminal BG, and the chairman of the Intelligent Automobile Solution BU, etc. attended the event.

Zhang Xinghai said at the signing ceremony:

SERES is firmly cooperating with Huawei across boundaries and continuously bearing fruits. The AITO series products jointly created by both parties have continuously refreshed industry records and are deeply loved and recognized by users and the market. This investment in and introduction of the company marks that SERES and Huawei have upgraded to a comprehensive cooperation of 'business + equity', opening a new starting point for the sustainable development of the cooperation between the two parties from 1 to N. SERES will firmly support the introduction to become an intelligent open platform in the automotive industry, striving to achieve the goal of annual production and sales of one million AITO in three years and drive the supply of one million sets of the introduction, achieving a win-win situation.

According to TapTechNews' previous report, SERES publicly announced today that its wholly-owned subsidiary SERES Automobile intends to purchase 10.00% equity of Shenzhen Introduction Intelligent Technology Co., Ltd. held by Huawei Technologies Co., Ltd. by paying cash, and the transaction price is 11.5 billion yuan.