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On September 5, the lithium carbonate production agreement between power battery giant CATL and Yongxing Materials, a developer of new materials, was cancelled, and the two sides will seek other ways of working together.
Huawei launched the AITO M5 Intelligent Driving Edition, the first car model equipped with its second-generation automated driving system ADS 2.0, on April 17th. Additionally, it teased the release of a luxury SUV model called AITO M9 in Q4.
On March 8, AITO, an electric vehicle brand jointly built by Huawei and Seres, used the new slogan, "Huawei AITO", for the first time on social media platforms, showing a further emphasis on the close relationship between the brands.
News emerged on August 23 that the cooperative project between Huawei and GAC AION has been suspended, and now the two sides are only involved in parts supply and procurement. AION's spokesperson denied the report.
On August 7th, Seres Automobile recently underwent a new round of organizational restructuring and established the AITO Questioning Business Group.
The AITO brand built by Huawei and its car-making partner Seres has sold over 10,000 electric vehicles in August, September and October, but Seres is facing some new problems, such as low profitability and an inability to tear down the label of Huawei's foundry.