JAC Motors Plans to Invest in Huawei's Yinwang Intelligence

[Capital Movement] JAC Motors plans to invest in Yinwang Intelligence, a subsidiary of Huawei, to further strengthen its position in the intelligent driving sector.

Core Development: JAC Motors Intends to Take a Stake in Yinwang Intelligence

JAC Motors announced on April 30 its intention to invest in Yinwang Intelligent Technology Co., Ltd. If the transaction is completed, Yinwang will become an equity investee of JAC Motors but will not be consolidated into its financial statements. No agreement has been signed yet between the two parties, and the investment amount and method remain to be determined.

Key Data: Yinwang’s Equity Structure Is Taking Shape

Yinwang was established in January 2024 with a registered capital of RMB 1 billion. Originally a wholly-owned subsidiary of Huawei, it is now held 80% by Huawei, with Avatr and Seres each holding 10%. Both Avatr and Seres acquired their stakes at a consideration of RMB 11.5 billion each.

Strategic Foundation: Huawei Promotes Open Collaboration for Yinwang

Huawei has clearly stated that Yinwang will be open to all automakers. JAC Motors’ participation in negotiations aims to jointly build a world-class intelligent driving system platform, enhancing collaborative capabilities in the field of vehicle intelligence.