On July 28, SERES, the automaker behind the smart new energy vehicle brand AITO, announced its intention to invest in Shenzhen Yinwang Intelligent Technology Co., Ltd.
Main productsIntelligent Driving Solutions Advanced Driver Assistance Systems, Automated Parking Systems, Collision Avoidance Systems Smart Cockpit Solutions Smart Cockpit Systems, In-Vehicle Display Screens, In-Vehicle Audio Systems, Intelligent Voice Assistants In-Vehicle Optical Products Augmented-Reality Head-Up Display Systems, Smart Headlamp Modules, In-Vehicle Laser Projectors Vehicle Control Solutions Vehicle Control Platforms, Motion Control Systems, Thermal Management Systems Vehicle Cloud Services Digital Keys, Remote Control, Over-the-Air Updates
Main productsIntelligent Driving Solutions Highway Driving Assistance Solutions, Urban Driving Assistance Solutions, Fully Automated Parking Solutions, Automated Valet Parking Solutions, Integrated Driving and Parking Solutions Perception Hardware Dual-Optical-Path Image-Grade Lidars, 4D Millimeter-Wave Radars, Corner Millimeter-Wave Radars, Front Cameras, High-Precision Positioning Modules Cockpit Hardware In-Vehicle Center Displays, In-Vehicle Dual Linked Displays, Augmented Reality Head-Up Displays, In-Vehicle Audio Systems, Smart Headlight Modules, Driver Monitoring Modules, Occupant Monitoring Modules Software and Cloud Services In-Vehicle Operating Systems, Cockpit Multimodal Interaction Systems, In-Vehicle Infotainment Systems, In-Vehicle Voice Assistants, AI Multimodal Large Models, Firmware Over-the-Air Upgrade Services, Software Over-the-Air Upgrade Services, Driver Monitoring Algorithm Software, Occupant Monitoring Algorithm Software, Digital Keys, Vehicle Remote Diagnostic Services, In-Vehicle Navigation Maps, Map Navigation Engines Domain Controllers and Chips Intelligent Driving Domain Controllers, Cockpit Domain Controllers, Integrated Driving-and-Parking Domain Controllers, Intelligent Driving Domain Control Chips, Cockpit Domain Control Chips, Intelligent Driving System-on-Chips, In-Vehicle Communication Terminals, In-Vehicle Communication Modules, 5G Communication Chips Electric Drive and Charging Products Multi-in-One Electric Drive Systems, On-Board Charging Systems, Fully Liquid-Cooled Ultra-Fast Charging Stations
Beijing (Gasgoo)- On July 28, SERES, the automaker behind the smart new energy vehicle brand AITO, announced its intention to invest in Shenzhen Yinwang Intelligent Technology Co., Ltd. (“Shenzhen Yinwang”), which is a wholly-owned automotive intelligent driving systems and components subsidiary of Huawei Technologies Co., Ltd.
Huawei, SERES co-developed AITO M5; photo credit: AITO
According to the announcement, SERES has initiated discussions with Shenzhen Yinwang and its shareholders to join the investment. The goal is to support Shenzhen Yinwang in becoming a world-class leader in automotive intelligent driving systems and components and to develop it into an open platform serving the automotive industry. The specific investment amount, transaction method, and price will be finalized upon the signing of the final transaction documents. Upon completion of the transaction, Shenzhen Yinwang will become an associate company of SERES, without affecting SERES' consolidated financial statements.
Established on January 16 of this year, Shenzhen Yinwang is a new company formed by Huawei's Intelligent Automotive Solutions BU, and is located at Huawei's headquarters in Shenzhen's Longgang District. The company integrates the BU's technologies and resources, aiming to become a diversified and open technology platform. Its business scope includes the development, design, production, sales, and service of automotive intelligent systems and components, including intelligent driving solutions, intelligent cockpits, smart vehicle control, smart vehicle cloud, and in-car optics.
Previously, Changan Automobile signed a memorandum of investment cooperation with Huawei, intending to become a strategic partner and shareholder in Shenzhen Yinwang. The final transaction documents are expected to be signed no later than August 31 this year.
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