Neta Automobile, the electric car company backed by Qihoo 360, China's largest cybersecurity company, signed a comprehensive cooperation agreement with Huawei on Wednesday to use the latter's technology in its future models.
Under the agreement, Neta and Huawei will cooperate comprehensively in the fields of intelligent network connectivity, in-vehicle computing, smart driving, digital energy and cloud services.
The Neta S, which will be launched next year, is the first model to be created by the two companies, and it will use Huawei's MDC smart driving computing platform and LiDAR technology, according to an announcement made by Neta.
According to the company's previous statement, the Neta S will be available at the end of next year and is a B-class electric coupe built on a new platform.
Neta co-founder and CEO Yong Zhang and Huawei Intelligent Vehicle Solutions BU President Wang Jun attended the signing ceremony.
(Photo source: Neta)
The partnership aims to build Chinese smart cars with Chinese technology and for the world, Zhang said.
"Huawei will help Neta to build better smart cars for consumers and bring people a great travel experience with extreme intelligence, pleasure and trust," Wang said.
Neta was founded in October 2014. The first Neta model was launched in November 2018, and as of now, Neta has 2 models on sale - Neta V and Neta U Pro.
The Neta V is priced between RMB 59,900 ($9,390) and RMB 75,900, and the Neta U Pro has an official guide price between RMB 99,800 and 159,800 after subsidies.
Qihoo 360 announced on May 11 that it has officially entered the smart car sector with Neta, an electric car brand of Hozon Auto.
Neta delivered a record 6,011 units in July, exceeding 6,000 units for the first time, a 392 percent increase year-over-year.
The brand announced on August 21 that its factory in Tongxiang, Zhejiang province in eastern China saw its 60,000th vehicle roll off the line.
Huawei is not directly involved in building cars, but it has a growing number of partners in the automotive sector.
Changan Automobile joined Huawei and CATL on Tuesday to unveil its new premium electric car brand Avatar Technology, as well as its first model.
We already mentioned Avatar in May, when the brand was called Changan NIO, a joint venture between Changan and NIO, and the name was changed to Avatar.
In the past few months, Changan has been working on the brand's products. At Tuesday's launch event, Changan Chairman Zhu Huarong, Huawei Managing Director and Smart Car Solutions BU CEO Richard Yu, and CATL Chairman Robin Zeng unveiled Avatar and announced its first model, the E11.
The E11 will be built on their co-created intelligent electric networked vehicle architecture CHN, where C stands for Changan, H stands for Huawei and N stands for CATL.