Huawei

The AITO M9 will be built on a new 800 V high-voltage platform, on which Huawei will place its new technologies in the cockpit and smart driving areas, according to Richard Yu.

Huawei and JAC will jointly build models targeting the ultra-high-end luxury pure electric vehicle market with a price range of around RMB 800,000-1 million, according to local media.

Seres and Huawei will jointly launch a new vehicle platform, the first flagship model of which is scheduled for release in 2023.

The goal means that Huawei's automotive business needs to sell more parts and help automakers sell more cars in the next three years.

Huawei will recommend CATL as its first choice of power battery supplier for its partner car companies.

Huawei is expected to have more than 1,000 AITO experience stores and user centers by the end of this year, an executive said.

This is the third consecutive month that AITO has delivered more than 10,000 vehicles, bringing cumulative deliveries since March to 57,777.

The Avatr 11 will begin deliveries in December, and its successful entry into Huawei's channel is expected to bolster its sales.

AITO is the first NEV brand to follow Tesla's price cut, and industry insiders believe a wave of price cuts in the auto industry is about to begin.

China's state subsidies for NEV consumers are set to expire at the end of this year.