China-based technology giant Huawei and car company SERES have signed an agreement to expand their business. As part of the agreement, these two companies announced that they have teamed up to produce a “flagship” smart car.

According to the statements made, Huawei and SERES plan to launch the first smart car models this year as part of their collaboration. This new car a high-end intelligent drive system Both companies plan to release successors next year.

The goal is to sell more than 1 million electric vehicles by 2026.

As part of a long-term partnership, Huawei and SERES by 2026 Sales of more than 1 million electric cars goals. To achieve this, SERES will collect industrial resources and promote the application of new technologies, materials and processes in collaborative models.

SERES and Huawei even launched for the first time in 2021. JBP (joint business plan) had signed the agreement. JBP enables consumer goods suppliers and retailers to form lucrative relationships that bring both parties and benefits through the recognition of mutual interests It is a business model that helps him improve his trading experience.

Huawei has been selling SERES-branded cars in stores since 2021. started selling. Now, under these new agreements, Huawei will take on the task of setting up the “smart” system instead of manufacturing the car. Vehicle, AITO is released under the brand name.