SAIC (Shanghai Automotive Industry Corporation) reportedly invests an additional 1 billion yuan to deepen collaboration with Shangjie and Huawei Terminal for mid-to-large SUV development.
According to IT Home, SAIC plans to invest an additional 10 billion yuan to deepen collaboration with Shangjie and Huawei Terminal for the development of mid-to-large SUVs, with Shangjie H8 or H9 eyed as next products. The report notes a prior July rumor about Shangjie splitting from HarmonyOS Smart Travel and mentions a legal clarification issued by Shangjie’s automotive affairs department. It also states SAIC has put together a 5,000-person team and has already invested 6 billion yuan in the collaboration.
Key facts
- 01SAIC plans to invest an additional 10 billion yuan with Shangjie and Huawei Terminal for mid-to-large SUV development.
- 02The next Shangjie model is rumored to be H8 or H9.
- 03A 5,000-person team at SAIC is involved in the collaboration and 6 billion yuan has already been invested.
- 04The report cites a blogger, @Yan Chuang, and IT Home as the source, dated September 23.
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