Huawei's Automotive BU has established five wholly-owned subsidiaries this year

Since its establishment in January this year, Shenzhen Yinwang Intelligent Technology Co., Ltd., a subsidiary of Huawei's Automotive BU, has established five wholly-owned subsidiaries in Suzhou, Nanjing, Dongguan, Shanghai and Hangzhou. These subsidiaries are all 100% owned by Shenzhen Yinwang Company, which is a wholly-owned subsidiary of Huawei with a registered capital of 1 billion yuan.