Avatr signs deal to become 2nd-largest shareholder in Huawei’s auto unit Newcool
Newcool's business scope will cover full-stack solutions for smart cars and is expected to grow into China's largest smart car solution…
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.