Huawei and Changan Join Forces: Avitta Investment in Innowatts Fuels the Construction of an Open Platform for Intelligent Automotive Industry

Huawei and Changan Join Forces: Avitta Investment in Innowatts Fuels the Construction of an Open Platform for Intelligent Automotive Industry[Chongqing, China, August 20, 2024] A signing ceremony for the comprehensive strategic cooperation between Huawei and Changan Automobile, as well as the investment of Avitta in Innowatts, was successfully held in Chongqing. Attending the event were Chen Xinwu, Member of the Standing Committee of the Chongqing Municipal Committee of the Communist Party of China and Executive Vice Mayor of the Municipal Government; Zhu Huarong, Chairman and Secretary of the Party Committee of Changan Automobile; Wang Jun, President of Changan Automobile; Xu Zhijun, Rotating Chairman of Huawei; and Yu Chengdong, Executive Director, Chairman of the Terminal BG, and Chairman of the Intelligent Automotive Solutions BU of Huawei

Huawei and Changan Join Forces: Avitta Investment in Innowatts Fuels the Construction of an Open Platform for Intelligent Automotive Industry

[Chongqing, China, August 20, 2024] A signing ceremony for the comprehensive strategic cooperation between Huawei and Changan Automobile, as well as the investment of Avitta in Innowatts, was successfully held in Chongqing. Attending the event were Chen Xinwu, Member of the Standing Committee of the Chongqing Municipal Committee of the Communist Party of China and Executive Vice Mayor of the Municipal Government; Zhu Huarong, Chairman and Secretary of the Party Committee of Changan Automobile; Wang Jun, President of Changan Automobile; Xu Zhijun, Rotating Chairman of Huawei; and Yu Chengdong, Executive Director, Chairman of the Terminal BG, and Chairman of the Intelligent Automotive Solutions BU of Huawei.

This signing ceremony marks a new stage in the collaboration between Huawei, Changan Automobile, and Avitta Technology in the field of automotive intelligence. Avitta Technology has officially invested in Innowatts Intelligent Technology Co., Ltd., holding a 10% stake, and will jointly support the company's future development with Huawei.

Zhu Huarong, Chairman and Secretary of the Party Committee of Changan Automobile, said at the signing ceremony, "Avitta's investment in Innowatts fully reflects Changan Automobile's strategic intentions. As the most important brand strategic carrier for Changan's new upward development, Avitta represents the company's high-end development direction. Changan supports Avitta as the first company to invest in Innowatts, aiming to make it the most vivid example of an 'open platform for joint participation in the automotive industry'."

Xu Zhijun, Rotating Chairman of Huawei, stated, "Avitta is a pioneering practice of Huawei helping car companies 'build good cars' and 'build good cars'. This time, Avitta Technology has invested in Innowatts and become a strategic investor in Innowatts, which is a key step for Huawei to build Innowatts into an open platform for intelligent automotive industry. In the future, Innowatts will continue to open up equity to strategic partners, working together to promote the rise of the automotive industry and the comprehensive development of intelligence. At the same time, Innowatts will operate based on market principles in the future, providing products and services to all customers according to the principles of fairness, openness, and win-win."

Yu Chengdong, Executive Director, Chairman of the Terminal BG, and Chairman of the Intelligent Automotive Solutions BU of Huawei, said, "Huawei will continue to provide comprehensive support to Innowatts to build leading products and technologies, becoming a leader in automotive intelligent components and solutions. At the same time, it will also support Avitta to become a leading high-end intelligent electric brand."

The significance of this cooperation lies in:

• Deep Strategic Cooperation: Huawei, Changan Automobile, and Avitta Technology will further deepen their cooperation to jointly promote the intelligent development of the automotive industry.

• Open Platform Construction: Innowatts will become an open platform, attracting more partners to join and jointly create an intelligent ecosystem for the automotive industry.

• Promoting Industrial Upgrading: The cooperation between Huawei, Changan Automobile, and Avitta Technology will accelerate the intelligent upgrading of the automotive industry and drive China's automotive industry to take a leading position in global market competition.

This cooperation is a major strategic layout of Huawei, Changan Automobile, and Avitta Technology in the field of intelligent vehicles. It will inject new vitality into the intelligent development of China's automotive industry and also marks the new heights that China's automotive industry is reaching in global competition.

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