Huawei

The two will build luxury smart connected EVs based on Huawei's smart car solutions, with product development under the overall responsibility of JAC.

Aito's single-month delivery capacity in 2024 is expected to reach 30,000 vehicles, it said.

The Luxeed S7 is an all-electric mid to large-size sedan model with a starting price of RMB 249,800, or $34,920.

The production capacity target for the new Aito M7 has been raised to an average of 700 units per day, with a maximum annual capacity of 200,000 units, according to local media.

Huawei will set up a company engaged in the R&D and production of smart driving systems and components, in which Changan plans to acquire no more than a 40 percent stake.

Officially unveiled and available for pre-orders on November 9, the Luxeed S7 is the first sedan jointly built by Huawei and an automaker.

The Luxeed S7, the first sedan jointly created by Huawei and a carmaker, will be officially launched on November 28.

Luxeed shared images of the Luxeed S7 on Weibo, showing off the exterior details of the sedan.

Aito's new M7, which was launched on September 12, has more than 60,000 firm orders in the first month of its launch.

Huawei's head of automotive business Richard Yu said the M7 SUV has seen a comeback from the dead.