Seres to acquire 10% stake in Huawei’s auto unit Newcool for $1.6 billion
Huawei, which had a 100% stake in Newcool, will now have an 80% stake following the deals with Avatr and Seres
Seres Automobile plans to buy a 10% stake in Huawei’s automotive business Newcool for $1.6 billion, a news report published by CnEVPost on Aug. 25 said, citing a regulatory filing by the Shanghai Stock Exchange-listed Seres Group.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
