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GAC GROUP Invests in Huawang to Join Hands with Huawei to Build Independent High-end Smart Car Brand
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Huawang Automobile (literal translation of "華望汽車"), a new company invested by GAC GROUP (02238.HK) (601238.SH), was officially established, with a new high-end smart car brand to be announced soon, according to Chinese media. Huawang Automobile will deeply integrate the respective strengths of GAC GROUP and Huawei in areas such as intelligence, ecology and brand synergy, and will benchmark Huawei's experience in IPD (integrated product development) and IPMS (integrated product marketing and sales) systems to build a brand new process, which will be consistent with the definition of the product, marketing, ecological services and other segments. AAStocks Financial News |
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