Huawei

The center will be used for local science and technology innovation, talent incubation, and industrial ecology cultivation.

Chongqing Sokon - a Chinese automaker that has never been on the radar before - saw its market capitalization top RMB 100 billion ($1.55 billion) for the first time yesterday. So far this year, it has risen about 380 percent.

Chinese tech giant Huawei is placing heavy bets on its automotive business, with the latest job postings showing the company wooing talent with attractive salary levels.

HarmonyOS makes up for the shortcomings of the current in-car operating systems and is expected to reshape the in-car OS landscape, CITIC Securities said.

"We have a goal in developing autonomous driving systems to truly make passenger cars driverless. Only driverless is a disruptive technology."

The company's business scope includes research and development of online energy metering technology, emerging energy technologies, and the sales of charging piles and battery swap facilities for new energy vehicles.

Arcfox said that the Arcfox α-S equipped with the Huawei Inside solution will be equipped with HarmonyOS, making it the first vehicle to feature the system.

At a time when its smartphone business is struggling due to US sanctions, Huawei has high hopes for its automotive business, even though the company won't be building cars itself.

As China's new energy vehicle industry grows rapidly, so does the amount of innovation that is being hatched.

The starting price for this version is RMB 388,900 and the premium version is priced at RMB 429,900. They are expected to be delivered in November and December this year.