[SMM Analysis] GAC Group and Huawei Signed a Deepened Cooperation Agreement

On November 30, 2024, Guangzhou Automobile Group Co., Ltd. (hereinafter referred to as GAC Group) and Huawei Technologies Co., Ltd. (hereinafter referred to as Huawei) held a strategic cooperation signing event for intelligent vehicles at the Guangzhou Baiyun International Conference Center, where both parties signed a deepened cooperation agreement. GAC Group will create a brand-new high-end intelligent NEV brand in addition to its existing Trumpchi, Aion, and Hycan brands. Leveraging this new brand, GAC Group and Huawei will capitalize on their respective strengths to collaborate in product development, marketing, and ecosystem services, providing users with a leading intelligent experience.

The signing was witnessed by Zeng Qinghong, Chairman of GAC Group, Feng Xingya, General Manager of GAC Group, Xu Zhijun, Rotating Chairman of Huawei, and Jin Yuzhi, CEO of Huawei Intelligent Automotive Solution BU. He Xianqing, Deputy General Manager of GAC Group, and Chi Linchun, Vice President of Huawei Intelligent Automotive Solution BU, signed the agreement on behalf of GAC Group and Huawei, respectively.

GAC Group, with 27 years of experience in car manufacturing, has profound expertise in vehicle manufacturing, car model platforms, power battery technology, and quality control. Huawei, focusing on ICT (Information and Communication Technology), holds a leading edge in intelligence. As the pace of automotive electrification and intelligence accelerates, both parties will leverage their strengths in hardware and software, forming a powerful alliance to deeply cooperate in intelligent vehicle product development, marketing, and ecosystem services, aligning with their mutual development goals. It is expected that the new model of deep cooperation between "Huawei Intelligence + GAC Intelligent Manufacturing" will create new achievements in the NEV field and is worth anticipating.

Over the years, GAC Group and Huawei have maintained a close strategic partnership, covering multiple areas from hardware to software, from products to the cloud, and from R&D to intelligent manufacturing. Through this further deepened cooperation, both parties will leverage the geographical advantages of the Guangdong-Hong Kong-Macao Greater Bay Area, using new quality productivity to aid the transformation and upgrading of Guangdong Province's automotive industry, jointly promoting the high-quality development of China's automotive industry.