AITO, a high-end smart car brand jointly operated by Huawei and SERES, a subsidiary of Chongqing Sokon Industry Group, is reportedly expanding its sales channels.
According to a list released by China's Ministry of Industry and Information Technology last Thursday, Huawei's vehicle making partner Sokon added a new four-wheel-drive version to its new model AITO M7.
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.
Chongqing Sokon, Chinese tech giant Huawei's most important partner in the automotive sector, sold 7,451 new energy vehicles (NEVs) in March, up 164.69% year-on-year, according to figures it released on Wednesday.
On Thursday, the records of an investor survey disclosed by Chongqing Sokon Industry Group, a partner of Huawei's car-manufacturing business, showed that the company will launch pure electric models this year.
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".
