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Seres Plans to Invest in Huawei Subsidiary NEW COOL Technology

On July 28, 2024, Seres announced that it plans to invest in Shenzhen NEW COOL Intelligent Technology Co., Ltd. (hereinafter referred to as "NEW COOL Company"), which is not only a deepening of the cooperation between Seres and Huawei, but also a new milestone in the development of the intelligent automotive industry. This article will provide an in-depth analysis of the potential impact of this investment on the smart car industry, and discuss the challenges and opportunities it brings.

1. Background and significance of cooperation

The cooperation between Seres and Huawei has a long history, and the two sides have carried out in-depth cooperation in the field of intelligent vehicle solutions. The planned investment in the company is not only a further consolidation of the cooperative relationship between the two sides, but also a common expectation for the future development of the intelligent automobile industry. Through this investment, Seres is expected to leverage Huawei's technology accumulation and market advantages in the field of smart vehicles to accelerate its layout and development in the smart car industry.

Second, the company's business scope and potential

As a wholly-owned subsidiary of Huawei Technologies Co., Ltd., NEW COOL Company focuses on the R&D, design, production, sales and service of automotive intelligent systems and component solutions. Its main business scope includes automotive intelligent driving solutions, automotive intelligent cockpit, intelligent vehicle control, intelligent vehicle cloud, vehicle optics, etc., which are the hot spots and development directions of the current intelligent automobile industry. The establishment and development of the company is expected to become a new engine for Huawei in the field of intelligent vehicles, promoting the innovation and application of related technologies.

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Figure: Seres plans to invest in Huawei's subsidiary, NEW COOL Intelligent Technology

3. Investment considerations of Seres

The proposed investment in the company is a forward-looking decision from a business point of view. On the one hand, through the in-depth cooperation with Huawei, Seres can better leverage Huawei's leading edge in intelligent vehicle technology to enhance the competitiveness of its products. On the other hand, with the rapid development of the intelligent automobile industry, Cialis is expected to share the dividends of industrial growth through investment in the company.

4. the impact on the industry

The cooperation between Seres and Huawei has a positive demonstration effect for the intelligent automotive industry. It not only shows the possibility of win-win cooperation between traditional automakers and high-tech enterprises, but also provides new ideas for transformation and upgrading for other enterprises. In addition, with the deepening of cooperation, Seres is expected to achieve more breakthroughs and innovations in the field of smart cars, bringing consumers a more intelligent and personalized travel experience.

5. Specific cases

1. Deep integration of technology and brand: The cooperation between Seres and Huawei has achieved remarkable results. For example, the AITO Wenjie car produced by Seres has pushed and completed 1.4 million OTA upgrades, with an update frequency of once every 5 days, with a total intelligent driving mileage of 265 million kilometers, and about 2.35 million kilometers per day recently.

2. Coordinated development of the industrial chain: The cooperation between Seres and Huawei has promoted the coordinated development of the upstream and downstream industry chains. Zhang Xinghai, Chairman of Seres Group, said at the 2024 World Intelligent Industry Expo that Seres will firmly adhere to the development path of intelligent and electric integration under software-defined vehicles, and continue to explore solutions for cross-border industrial integration, intelligent driving and intelligent safety.

3. Market recognition: The AITO M5, M7 and M9 jointly designed by Cialis and Huawei have been recognized by the market and loved by users. The sales volume of new energy vehicles will reach about 135,100 units in 2022, a year-on-year increase of 225.9%; To date, the AITO series of products has sold nearly 100,000 units.

4. Intelligent experience: Seres practices the corporate tenet of "serving users wholeheartedly", not only makes the passive safety and active safety of traditional cars more solid and intelligent, but also strengthens intelligent safety solutions such as power safety, data security, privacy protection, network security, health and safety.

6. Summary

From a personal point of view, it is a wise strategy for Cialis to invest in the company. With the rapid development of the intelligent automobile industry, through the deep binding with Huawei, Seres can not only accelerate its own technology accumulation and market expansion, but also occupy a favorable position in the fierce market competition. In the future, with the deepening of cooperation, Seres is expected to achieve more breakthroughs and innovations in the field of smart cars, bringing consumers a more intelligent and personalized travel experience.

The cooperation between Seres and Huawei is a microcosm of the development of the smart car industry. With the continuous advancement of technology and the continuous expansion of the market, the cooperation between the two parties will bring more possibilities to the intelligent car industry. The company's plan to invest in the company is not only a recognition of Huawei's technology, but also a confidence in the future development of the intelligent automobile industry. It is expected that the two parties can create more value in the field of smart vehicles and promote the sustainable and healthy development of the industry.

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