BEIJING (Reuters) – Chinese carmaker Guangzhou Automobile Group said on Wednesday that it had set up a new company to work with tech giant Huawei to launch a high-end car brand. GAC invested 1.5 billion yuan ($207.46 million) to set up the company it said on WeChat. ($1 = 7.2303 Chinese yuan renminbi) (Reporting by […]
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Chinese carmaker GAC to launch new car brand with Huawei
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BEIJING (Reuters) – Chinese carmaker Guangzhou Automobile Group said on Wednesday that it had set up a new company to work with tech giant Huawei to launch a high-end car brand.
GAC invested 1.5 billion yuan ($207.46 million) to set up the company it said on WeChat.
($1 = 7.2303 Chinese yuan renminbi)
(Reporting by Yukun Zhang and Ryan Woo, Editing by Louise Heavens)