Chongqing—Recently, Eric Xu, the Rotating Chairman of Huawei, discussed automaker investments in a media interview, noting that Huawei's Car BU, Yinwang Intelligent Technology Co., Ltd., is integrating investments from Changan Auto, SERES, and Huawei while engaging with other automakers. However, there are no clear plans for the next investment round.

Currently, automakers like BAIC BluePark, JAC Motors, FAW Group, and Dongfeng Motor are seen as potential investors in Yinwang. 

Xu mentioned that Huawei has specific criteria for future investors. Yinwang is engaging with all automakers, aiming to build relationships with "as many friends as possible," but prioritizes those already using its solutions and collaborating closely.

AITO is an EV brand jointly developed by SERES and Huawei. (Photo/SERES)

Automakers investing in Yinwang must adopt its intelligent solutions, creating ties through both equity and product utility. This model positions Yinwang as a collaborative platform while remaining an independent business entity. 

Xu views this approach as a way to deepen partnerships, share risks and benefits, and redefine the relationships between original equipment manufacturers and suppliers.

In this model, the equity structure will be diversified. Huawei will not insist on controlling Yinwang, allowing it to operate independently with multiple shareholders. 

In an exclusive interview with Huxiu, a Chinese business information and view exchange platform, Xu stated, "Yinwang is Yinwang, not Huawei's; it can't always rely on Huawei." 

In the interview, Xu also mentioned that in April, Huawei launched the "QianKun" autonomous driving solution as a step toward Yinwang's independence. He added that in five years, Yinwang will operate under its own brand.

Meanwhile, Xu still noted that Yinwang will maintain technical cooperation with Huawei and that Huawei's support will remain despite Yinwang's independent operations. He reiterated Huawei's intent not to manufacture cars while emphasizing Yinwang's independence and Huawei's role in providing intelligent tech support.

According to announcements from Changan Auto and SERES, these two leading automakers in Chongqing each invested 11.5 billion (USD 1.64 billion) for a 10% stake in Yinwang. Based on this, the market estimates Yinwang's valuation to be around 115 billion yuan. 

In the media interview, Xu continued that this valuation was relatively low, noting that it has likely changed since. He emphasized that professional investors should determine accurate valuations.