SAIC Motor (SHA:600104) is teaming up with tech company Huawei to develop advanced smart electric vehicles, Reuters reported Feb. 22.
The collaboration will focus on manufacturing, supply chain management, and sales services, according to the report.
Huawei has been expanding its automotive footprint with partnerships including Changan (SHE:000625), Dongfeng (HKG:0489), and BAIC (HKG:1958).
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)