Huawei's Joint EV Brand with Chery Pledges $1.4 Billion New Investment

Huawei’s joint EV brand with Chery pledges $1.4bn new investment

Huawei's joint electric vehicle brand with Chery said on Thursday it will invest more than ¥10bn (R24.65bn) and expand its research and development team to 5,000 people.

Huawei's joint EV brand with Chery pledges $1.4 billion new investment

BEIJING :Huawei's joint electric vehicle brand with Chery said on Thursday that it will invest more than 10 billion yuan ($1.39 billion) and expand its research and development team to 5,000 people.It did not give a timeline for the move, which it said aims to strengthen the brand's lead in technology terms,

Huawei & Chery EV Joint Venture Pledges $1.4 Billion Investment

CHENGDU, China, December 20, 2023 – A joint electric vehicle venture between tech giant Huawei and… The post Huawei & Chery EV Joint Venture Pledges $1.4 Billion Investment appeared first on TIme News.

Huawei, Chery sign deal to bring joint brand Luxeed to 'Phase 2.0'

Luxeed will invest over RMB 10 billion ($1.4 billion) and increase its R&D team to 5,000 people. For details, please visit CnEVPost.