Avatr to acquire 10% stake in Huawei's parts unit Newcool for $1.6 billion
After the transaction, Avatr will hold a 10 percent stake in Newcool, while Huawei will hold 90 percent. (A Avatr 11 shown at the 2024 Shanghai New Energy Vehicle Exhibition. Image credit: CnEVPost) Avatr Technology, the electric vehicle (EV) brand supported by Changan Automobile, CATL, and Huawei, will purchase a 10 percent stake in Huawei’s parts unit, Newcool, marking the division’s first…















