On the evening of July 28, Celes Group announced a major strategic decision to invest in Shenzhen Yinwang Intelligent Technology Co., LTD. (referred to as "Shenzhen Yinwang"), which is wholly owned by Huawei, in order to jointly promote the company to become a leader in the global automotive intelligent driving system and components industry.
According to an official statement issued by Celex, the two sides have entered into in-depth discussions on investment matters, aiming to strengthen Shenzhen Yinwang's core competitiveness in the field of intelligent driving technology through capital cooperation, and promote it to become an open innovation platform serving the entire automotive industry. The specific details of the investment, including the amount of investment, transaction mode and price, will be determined in accordance with the subsequent formal agreement signed by the two parties. If the transaction is successfully completed, Shenzhen Yinwang will become a significant shareholding subsidiary of Celex, but the scope of the company's consolidated financial statements will not change as a result.
Shenzhen Yinwang, a young enterprise established at the beginning of this year, is located near Huawei headquarters in Longgang District, Shenzhen, with a registered capital of 1 billion yuan and is wholly owned by Huawei Technologies Co., LTD. Its business scope extensively covers the research and development, design, production, sales and service of automotive intelligent systems and components, especially focusing on intelligent driving solutions, intelligent cockpit, vehicle control systems, vehicle networking and vehicle optics, etc., demonstrating Huawei's deep layout and forward-looking vision in the field of intelligent vehicles.
It is worth noting that Changan Automobile has previously announced its intention to invest in Shenzhen Yin Wang, and signed a memorandum of investment cooperation with Huawei, and the relevant cooperation process is in full gear, and is expected to reach a final agreement by the end of August this year. This series of actions undoubtedly highlights the attractiveness and potential of Shenzhen in the industry.
It is pointed out that Shenzhen Yinwang is actually the newly established carrier of Huawei intelligent car solution BU (Business Unit), aiming to integrate the technical resources and advantages of car BU, and will attract more industry partners to join in the future to jointly create a diversified equity structure and open technology sharing platform. This will not only help Huawei reduce financial pressure, but also strengthen strategic alliances with vehicle manufacturers, remove market doubts, and jointly promote the rapid development of the smart car industry.
Although Huawei Car BU has invested a huge amount since its establishment, with a cumulative total of 21.5 billion yuan, and once faced a loss dilemma, with the gradual maturity of the intelligent car market and the strong performance of Huawei's intelligent car business, the business segment is gradually moving toward profit. According to Huawei executives, in the first three months of this year, Huawei's smart car business has turned a loss into a profit and is expected to maintain a healthy growth trend throughout the year.
Under the cooperation framework between Celes and Huawei, the AITO brand jointly created by the two sides has become an important engine for Celes' performance growth. According to the data, the monthly delivery of AITO series models exceeded the 40,000 mark in June, a record high, which greatly promoted the improvement of Celis' performance. Based on this, Celis also recently announced that it will spend 2.5 billion yuan to acquire the Q series trademarks and related patents held by Huawei to further consolidate the foundation of cooperation between the two sides.
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