Huawei and Chery’s EV joint venture, Luxeed, will invest 10 billion yuan ($1.4 billion USD) to enhance product development and manufacturing in China. Less than a year old, Luxeed aims to grow in the competitive EV market by launching new models and strengthening its supply chain. Chery owns 60% of the venture, while Huawei contributes intelligent driving systems and software.
Premium Content Access
This content is available exclusively to our paid subscribers. Please login to enjoy full access. If you’re interested in subscribing to access our premium content, please contact us at support@omnicoreplus.com.
