Guan Cha Zhe Wang·2025-10-10 08:46Core Points - Changan Automobile has completed the third payment of 3.45 billion yuan to Huawei, fulfilling the prerequisites of the equity transfer agreement, totaling 11.5 billion yuan for a 10% stake in the company Yiwang [1][6] - The partnership between Avita and Huawei is seen as a strategic upgrade, aiming to leverage each other's strengths for high-quality and rapid development [6] - Avita plans to launch 17 products by 2030 in collaboration with Huawei, with five upgraded models expected to be released by 2026 [6] Investment Progress - The first payment of 2.3 billion yuan was completed on October 16, 2024, with the transfer of technology, assets, and personnel proceeding as per the agreement [3] - The second payment of 5.75 billion yuan was completed, with the transaction's closing date set for February 28, 2025 [3] - The total investment of 11.5 billion yuan by Avita in Yiwang is a fulfillment of a previous commitment made by Changan Automobile [6] Company Structure and Future Plans - Yiwang, established in January 2024, is seen as a key player in carrying forward Huawei's automotive business capabilities, with Avita's investment enhancing its growth potential [6] - Yiwang's ownership structure includes Huawei (80%), Avita (10%), and Seres (10%), indicating a collaborative approach to developing smart automotive solutions [6][7] - Huawei has expressed intentions to introduce strategic partners to Yiwang, aiming to position it as an open platform for automotive industry intelligence [7]