Seres takes control of Aito as Huawei trims margins
The Chinese automaker strengthens its grip on the EV brand, but profits remain under pressure because of the Huawei deal.
Seres Auto has strengthened its control over Aito, the brand created with Huawei, at a time when the group’s profitability has weakened. The move comes as the technology partner reportedly collects a sizable amount for each vehicle sold, around 7,500 dollars.
For China’s market, this is a meaningful shift: Seres wants to manage the brand and its margins more directly in a sector where intense price competition is increasingly squeezing profits.
Follow MOTORINEWS24 on Google · Add us to your preferred sources: our news will show at the top of Google results.
Add to preferred sources
Also read on Readoo- Skipass Dolomiti Superski, finiti i voucher per questa stagione
- Gatti: «Dobbiamo raddrizzare il campionato e trovare continuità»
- Wall Street perde 3.200 miliardi, Nasdaq crolla del 5,52%
- Animali domestici, il rapporto cambia il riposo e le pause quotidiane