Hong Kong/Taipei CNN —
Huawei has set up a separate smart car unit, in another stride forward in the Chinese tech giant’s plans to make a splash in the automotive world.
The company incorporated Shenzhen Yinwang Intelligent Technology Co Ltd on Tuesday in the southern Chinese city of Shenzhen, where Huawei is based.
The new firm is wholly owned by Huawei and will focus on the “manufacturing and sales of intelligent car systems and equipment,” according to Tianyancha and Qichacha, two corporate data providers in China.
The business has registered initial capital of 1
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