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Rumors have swirled recently about Huawei's SERES SF5 "stopping production". A large number of SERES stores' logos have been replaced with "ATIO" logos, and the SERES SF5 has stopped reservations in various channels.
Today, 36Kr reported that Huawei plans to form a joint venture with Volkswagen Group to develop its autonomous driving technology. However, this rumor has been denied by Huawei.
According to automobile brand Seres on Thursday, due to increases in the cost of raw materials, the price of the company's SF5, a model jointly developed with Huawei, rose by 20,000 yuan ($2,997) since Friday.
On Thursday, SERES, a brand owned by Chongqing Sokon, announced the launch of a premium smart car brand called AITO, which stands for "Adding Intelligence to Auto".
Huawei will launch another new car in cooperation with SERES. The new vehicle will be named "SERES Auto".
Recently, Chongqing Sokon Industry Group announced its August production and sales report. The data show that the company sold 3,565 new energy vehicles in August, a year-on-year increase of 146%.