Avatr Plans to Acquire 10% Stake in Yinwang, Valuing Huawei's Car BU at Over One Trillion Yuan
On August 19, Changan Automobile announced that its joint venture, Avatr Technology, plans to buy a 10% stake in Huawei's subsidiary, Yinwang, for 11.5 billion yuan. After the deal, Avatr will hold a 10% share, while Huawei will retain 90% of Yinwang.
