Huawei

Newcool's business scope will cover full-stack solutions for smart cars and is expected to grow into China's largest smart car solution provider, analysts said.

After the transaction, Avatr will hold a 10 percent stake in Newcool, while Huawei will hold 90 percent.

The next-generation A5 will be the first Audi model to feature Huawei's smart driving solution, according to local media.

The Stelato S9 -- the first model jointly built by Huawei and BAIC BluePark -- has received more than 2,500 firm orders in the first 24 hours of its launch.

Maextro's first model is expected to be launched in the first quarter of next year, with JAC currently hoping to build 38 test cars, according to local media.

The Stelato S9 starts at RMB 399,800 ($55,910), has a CLTC range of up to 816 km, and comes with Huawei's latest ADS 3.0 driver assistance system.

Cumulative deliveries of the Aito M7 have exceeded 200,000 units, contributing to more than half of Aito's deliveries.

The Stelato S9 is expected to be priced from RMB 450,000 ($61,990) to RMB 550,000.

Huawei's Intelligent Automotive Solutions business unit saw revenue reach RMB 10 billion as of early July, according to local media.

To date, brands under the Huawei HIMA umbrella include Aito, Luxeed, and Stelato, which delivered a total of 46,141 vehicles in June.