On November 25, Huawei announced that it will establish a new company to develop intelligent systems and component solutions for automobiles, and has successfully attracted investment from Changan Automobile. However, when Huawei invited other car companies to join, it caused a series of concerns and questions.
At the launch conference of Zhijie S7, Huawei executive Yu Chengdong said that a number of car companies, including Cialis, Chery, JAC, BAIC, etc., have been invited to invest in the new company. This news has had a significant impact on the stock prices of car companies, with Changan Automobile's daily limit, FAW Jiefang, FAW Fuwei and other companies' stock prices also varying degrees.
However, the invited automakers expressed mixed opinions on Huawei's invitation. Cialis issued a statement of fact, saying that it has received an invitation and is actively discussing it within the company. JAC made it clear in an announcement that there has been no substantial progress in the cooperation with Huawei after four years, and it has not received an invitation for joint investment.
This incident has sparked speculation and questions in the industry, whether Huawei is lying, or JAC has other plans?This dispute also reflects the fact that there may be different expectations and contradictions between car companies and Huawei in the partnership.
Huawei took the lead, and JAC "complained"?
JAC and Huawei have always maintained a strategic cooperative relationship, which has been launched since 2019. After Changan Automobile and Huawei signed the "Memorandum of Investment Cooperation", JAC issued a statement to congratulate and said that this will not affect the subsequent cooperation between the two sides.
However, after Yu Chengdong publicly invited other car companies to join, JAC's attitude changed sharply, and the announcement mentioned that the cooperation between the two sides had not made substantial progress after four years, and no invitation for joint investment was received. This statement was interpreted by the industry as JAC's dissatisfaction with the slow progress of cooperation, and some analysts believe that it may be a means for JAC to seek to release pressure.
How can the cooperation period be embarrassing?
Although JAC and Huawei have launched a strategic cooperation in 2019, there seems to be no substantial progress in the cooperation between the two sides in the past four years. This is in stark contrast to the results of cooperation between other automakers and Huawei. For example, car companies such as Cialis, Chery, and BAIC have all achieved in-depth cooperation with Huawei to varying degrees.
In the field of intelligence, the slow progress of cooperation between Huawei and JAC may be due to a variety of reasons, such as poor technical cooperation, unclear cooperation direction, or inconsistent expectations between the two sides in the field of smart cars. In the case of Huawei-led establishment of a new company, JAC publicly stated that it had not received an invitation, which may indicate that JAC was not listed as a major partner in the new cooperation plan.
The importance of cooperation, JAC is faced with a choice
As a state-owned enterprise and listed company, JAC's performance in the passenger car field has not been satisfactory. Although the company has made a strategic layout for electric vehicles, JAC's performance in the new energy vehicle market is not outstanding. At the same time, Huawei's performance in the automotive field has attracted much attention, especially in the field of new energy and intelligent driving.
In the face of Huawei's invitation, JAC may be considering a more favorable terms of cooperation. However, this incident may also highlight JAC's dilemma in the cooperation of car companies, even if it is dissatisfied with the progress of the cooperation, in the absence of a better choice, JAC may have to accept the cooperation with Huawei.
Conclusion: The delay in cooperation leads to doubts, and JAC is faced with a choice of cooperation.
Huawei's independent car business has caused a series of waves, and inviting other car companies to join has also caused controversy among car companies. The change in Jianghuai's attitude in this incident may reflect the contradictions and inconsistent expectations between the two partners. In the future, JAC may need to find more favorable conditions in cooperation to accelerate the cooperation process, and at the same time, it also needs to face the pressure of competition in the new energy vehicle market and strive for better development opportunities.