Release Date : 2024-07-03
On 3 July, Seres and Huawei signed an agreement to further deepen their joint business cooperation, in which the two parties will give full play to their joint business advantages.
Under the premise that the original cooperation framework remains unchanged, Seres and Huawei will give full play to their respective advantages in resources and endowments, focus on Seres Automotive's AITO Askland brand, and the two sides will jointly design and market it to provide users with high-end intelligent electric vehicle products and intelligent travelling solutions, so that the two sides can jointly achieve commercial success. This is also the second time that Seres and Huawei have signed a relevant agreement after signing a deepening joint business agreement in February 2023, signalling the determination of both parties to firmly develop a joint business model and to deeply build the AITO Inquirer brand.
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In addition, Seres released an announcement on 2 July, Seres intends to acquire all categories of Huawei's global "ask the world" and other related trademarks and application rights, and related design patents, for a total of 2.5 billion yuan. This transfer of goods and brand assets will not affect the existing cooperation between the two parties, and further safeguard the long-term development of AITO, which also reflects the initial intention of the two parties to focus on the user as the centre, and strive to do a good job in the joint business and AITO products.
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In order to further deepen the comprehensive cooperation with Huawei, Seres is actively planning to participate in the strategic investment and co-operation matters of Citation (a new company established by Huawei Car BU). Since Seres and Huawei established a cross-border business partnership in 2021, the two parties have given full play to their respective strengths, opening up a new mode of cooperation between the real economy and the digital economy, and moving towards the market. The two sides have launched a series of cooperative models, such as AITO M5(parameter|inquiry), M7, M9, etc., which have gained wide attention and recognition in the market.
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The latest data show that the delivery of the whole AITO series in June exceeded 40,000 in a single month, a record high. Among them, AITO M9 delivered 17,241 units in June, with a cumulative total of over 100,000 units; AITO new M7 delivered 18,493 units in June, with a cumulative sales volume of over 110,000 units in the first half of the year. It is learnt that more AITO new products will also be launched in succession during the year.