Recently there were rumors that Nio's car-making partner JAC will also cooperate with Huawei to build cars. The company has denied it, but said it does not rule out more possibilities in the future.
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Recently, there are rumors that Nio's car-making partner Jianghuai Automobile Group (JAC) will cooperate with technology giant Huawei to build cars. The company has denied this.
JAC is not currently working with Huawei to build cars, and the latter is currently a technology supplier to JAC, China Securities Journal quoted staff from the company's securities department as saying today, adding that JAC and Huawei have worked together before, and some of Huawei's technologies are carried in its products.
Regarding the possibility of it cooperating with Huawei to build cars in the future, the staff member said, "We don't rule out this possibility because (JAC) has always had a relatively pleasant cooperation with Huawei, and both sides have always had a good relationship."
In response to a question about whether it would adopt a model similar to Chongqing Sokon's cooperation with Huawei, the JAC's staff said that the cooperation between the two is not yet this model, and that more possibilities are not ruled out in the future and can be explored, according to the report.
It's worth noting that there were several rumors in the first half of this year that Huawei would be directly involved in building cars, but they were all denied by the tech giant.
In a statement released on May 24, Huawei reiterated that it does not build cars, a long-term strategy that was made clear in 2018 and has not changed in any way.
"In the future, anyone who says Huawei is building cars, or has a stake in the car manufacturing industry, is false news," the company said.
In a response in late June, Chi Linchun, president of BU Marketing and Sales Services for Huawei's smart car solutions, said Huawei has multiple considerations for why it is not building cars.
Huawei's ICT business has huge business interests present in the European market, and Germany is the most important market for Huawei's ICT business, while the pillar industry in Germany is the automotive industry, Chi said, adding that if Huawei built cars, it would bring direct competition.
Although not directly involved in building cars, Huawei hopes that its technology can be used to the maximum extent by car companies.
On December 23, Huawei unveiled the Wenjie M5, the first model of the AITO brand, which it built with Chongqing Sokon's Seres brand.
AITO Wenjie M5 orders exceeded 2,000 units in three days in Shanghai, Shenzhen, Hangzhou and Chengdu, the four cities where the car is already on display, the Shanghai Securities News said, citing comments from Seres sources today.
Seres is accelerating production scheduling to achieve scale deliveries, according to the report.
Back at JAC, it is currently producing Nio models at a plant it built jointly with the EV maker in Hefei, Anhui province.
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JAC released figures earlier this month showing it sold 16,155 all-electric passenger vehicles in November, up 178 percent from 5,820 a year ago and up 46 percent from 11,101 in October.
JAC did not specify, though as is industry practice, its EV sales figures should include Nio vehicles.
Nio delivered a record 10,878 vehicles in November, up 106 percent from 5,291 a year ago and up 197 percent from 3,667 in October.
Nio renews contract with JAC, annual capacity to be doubled to 240,000 units
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