GAC will set up a subsidiary code-named “GH” with a registered capital of RMB 1.5 billion ($200 million) to cooperate with Huawei.
GAC and Huawei will jointly launch a new automotive brand, the first product of which will be an EV model priced in the RMB 300,000 range.
GAC plans to set up subsidiary dedicated to tie-up with Huawei
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