Chinese tech giant Huawei has forged an unprecedented automotive alliance with GAC Group, creating a premium electric vehicle venture targeting luxury market segments. Dubbed ‘Qijing‘, the new brand name translates as “Enlightened Realm” and positions itself within China’s dynamic automotive landscape where domestic manufacturers increasingly challenge European and Japanese luxury brands.
The current agreement now reflects a more pragmatic development schedule that’s based on realistic technological capabilities, market readiness factors, and landscape analysis. Existing global players like Massimo Group (NASDAQ: MAMO) will have more competition to…
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