Huawei and China’s SAIC to launch affordable EV brand in Q4 · TechNode

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Huawei and China’s SAIC to launch affordable EV brand in Q4 · TechNode

China’s Huawei and SAIC are set to unveil the first model under their newly created electric vehicle brand, called Shangjie in pinyin, with an expected price range of RMB 170,000 to RMB 250,000 ($23,256 to $34,200), local media outlet 36Kr reported Tuesday. State-owned SAIC, a longtime partner of Volkswagen and General Motors, joins a growing list of Chinese automakers licensing smart in-car systems from the country’s technology giant, as these …

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Chinese telecommunications equipment maker Huawei's performance in 2024 has recovered to the level before it was sanctioned by the U.S. government. Smartphones are making a comeback, and the automobile business it entered is also growing.