Huawei establishes new company "Yinwang"

Huawei has established a new company named "Yinwang", whose business scope includes the manufacturing and sales of intelligent vehicle-mounted equipment. According to people familiar with the matter, "Yinwang" is a new company established by Huawei's automotive BU. At the same time, Changan Automobile, a partner of Huawei's automotive BU, also revealed more details, including the business areas involved in the new joint venture "Newcool" between the two parties.