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

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.

It did not give a timeline for the move, which it said aims to strengthen the brand's lead in technology terms, according to a WeChat post.

A new company was also created to integrate production, sales and services.


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