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.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.