Huawei's new smart auto parts firm rakes in $1.6b from AVATR Technology

Huawei's new smart auto parts firm rakes in $1.6b from AVATR Technology

Image Source: AVATR Technology's official website.

Chinese EV firm AVATR Technology — backed by state-run automaker Chongqing Changan Automobile — is buying a 10% stake in Huawei’s new auto parts firm for 11.5 billion yuan ($1.6 billion). 

Edited by: Joymitra Rai