23
Nov
08:38
Huawei plans spin-off of its intelligent car unit: reports
Huawei is reportedly considering a spin-out of its intelligent vehicle solution department, Huawei Car BU, with a targeted valuation of CNY 250 billion ($35 billion).
According to Chinese media, the unit would have China’s Chongqing Municipal State-owned Assets Supervision and Administration Commission as its largest shareholder. Carmaker Changan Auto would be the only automaker participating in this acquisition.
Huawei and Changan Auto have not resp…
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Anonymous
Very good overview of the weekly steel market.
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