Newcool
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JAC plans to invest in Huawei's smart car unit Newcool
Huawei currently holds an 80% stake in Newcool, while Seres holds 10% and Avatr holds 10 percent.
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Avatr signs deal to become 2nd-largest shareholder in Huawei's auto unit Newcool
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.
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Avatr to acquire 10% stake in Huawei's parts unit Newcool for $1.6 billion
After the transaction, Avatr will hold a 10 percent stake in Newcool, while Huawei will hold 90 percent.
