Beijing (ZXZC)- AVATR inked a comprehensive strategic cooperation agreement with one of its shareholders, HUAWEI, which bonds the two companies together in regards to resources, risks, and revenue. 

Photo credit: AVATR

The two parties reached agreement on resource optimization, and authorization of the HUAWEI HI trademark. Per the agreement, building on the CHN intelligent and electric vehicle platform, AVATR and HUAWEI will introduce four new models by 2025, and are responsible for the products’ iteration. 

According to the CEO of AVATR, Tan Benhong, the signing of the agreement signifies HUAWEI’s recognition of the auto startup’s growth speed, and the confidence in the CHN cooperation model. 

Currently, the jointly owned electric vehicle brand by CATL, Changan Automobile, and HUAWEI has launched one model, the AVATR 11. The model is built on HUAWEI’s intelligent driving, smart cockpit, and intelligent vehicle control platforms, enabling industry-leading perception and computing system, handling complex traffic scenarios easily. 

AVATR plans to quickly expand its distribution channel to cover 110 cities within the year 2022. Its first batch of experience centers will officially open up in the third quarter of this year. Moreover, the company is also actively working with HUAWEI to introduce its vehicles to the latter’s retail stores.