Shangjie has an initial investment of RMB 6 billion ($820 million) and a dedicated team of more than 5,000 people.
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Shangjie has an initial investment of RMB 6 billion ($820 million) and a dedicated team of more than 5,000 people.
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Huawei and SAIC's first joint model could be unveiled officially as soon as mid-year and hit the market within this year, according to local media.
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Huawei and SAIC's joint brand Shangjie will be officially launched on April 10, when more information about the brand and its products is expected to be released, according to local media.
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The Aito M8 will be launched in April as a family-oriented premium SUV.
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SAIC and Huawei have signed an agreement to collaborate in areas including product definition, manufacturing, supply chain management, and sales and services.
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The GH project is seen as a new collaboration approach within Huawei's automotive business unit, according to local media.
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All models of the new brand built by Huawei and SAIC will be sold in HIMA's channels, according to local media.
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The new brand will target a younger demographic and the vehicles could start at around RMB 170,000 to RMB 250,000, according to local media.
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HIMA's available models will exceed 10 next year, and one of the key models will be the Aito M8, which will compete with Li Auto's Li L9.
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