Chinese electric vehicle (EV) brand Aito has launched a five-seat SUV with limited autonomous-driving capabilities, as its backer Huawei Technologies accelerates its push into mainland China’s automotive sector. The M9, starting at 469,800 yuan (US$65,981), displays more than 10 years of Huawei’s technology development and paves the way for the company to form partnerships with … Read more
Yu, 54, will be replaced as chief executive at Huawei’s consumer business group by He Gang, who is currently the unit’s chief operating officer, according to a report on Wednesday by Chinese digital news outlet The Paper. Huawei declined to comment. A review of Yu’s profile page on Huawei’s official website on Wednesday showed that … Read more
Seres said it expects the final tally of its 2023 losses to fall in the range of 2.1 billion yuan (US$295.6 million) to 2.7 billion yuan, which narrowed from its 3.8 billion yuan loss in 2022, according to the company’s earnings estimates last Thursday. It estimated revenues increased by as much as 7 per cent … Read more
