- JAC plans to join Huawei’s Newcool as a new shareholder to strengthen its position in intelligent automotive systems.
- The move reinforces China’s push toward advanced smart driving technologies through multi-company collaboration.
Anhui Jianghuai Automobile Group Corp (JAC) is planning to invest in Huawei’s smart car business unit Newcool, marking a significant step in expanding its role within the intelligent automotive ecosystem. The Chinese automaker revealed this intention through a filing with the China-based Shanghai Stock Exchange, indicating that discussions are ongoing and final investment details will depend on agreements signed between the involved parties. The move highlights growing collaboration between traditional automakers and technology companies in next-generation mobility.
Ownership Structure and Investment Details
Currently, Huawei holds an 80% stake in Newcool, while Seres and Avatr each own 10%. If JAC completes the investment, it will become the third major external shareholder in the business. Despite this equity participation, JAC clarified that its consolidated financial statement scope will remain unchanged. The transaction amount, structure, and valuation will be finalized after negotiations conclude, ensuring alignment between all stakeholders involved.
Newcool Business Scope and Technology Focus
Established in January 2024, Newcool was initially a wholly owned subsidiary of Huawei before transitioning into an open platform for automakers. The company focuses on multiple advanced automotive technologies, including Huawei’s Qiankun ADS, vehicle control systems, intelligent automotive lighting, cloud-based vehicle solutions, and HarmonySpace ecosystem integration. These offerings aim to create a unified intelligent mobility experience, positioning Newcool as a central technology provider for future smart vehicles.
Newcool Technology Coverage Areas
| Technology Area | Function |
|---|---|
| Qiankun ADS | Advanced driver assistance systems |
| Vehicle Control | Integrated control systems for smart vehicles |
| Vehicle Cloud | Cloud-based data and connectivity services |
| HarmonySpace | In-vehicle digital ecosystem integration |
Valuation and Previous Investments
In 2024, Seres and Avatr each acquired a 10% stake in Newcool for 11.5 billion yuan (approximately $1.68 billion), valuing the company at 115 billion yuan. JAC has now initiated discussions with Newcool and its existing shareholders to join this investment structure. The goal is to collectively support Newcool’s growth into a global leader in smart driving systems and automotive component innovation, reinforcing the strategic importance of collaboration in the evolving mobility landscape.
JAC and Huawei Strategic Collaboration
Anhui Jianghuai Automobile Group Corp has an established partnership with Huawei, which led to the creation of the premium smart car brand Maextro. This collaboration represents a broader industry trend where automakers leverage technology partners to accelerate innovation in intelligent vehicles. The partnership has already delivered tangible results, particularly in the high-end segment of the Chinese automotive market.
Maextro S800 Market Performance
In May 2025, the Maextro S800 was introduced with a starting price of 708,000 yuan, positioning it among the most expensive domestically produced vehicles in China. The model quickly gained traction in the ultra-luxury segment and achieved a production milestone of 10,000 units by the end of 2025. Its success demonstrates the effectiveness of combining automotive manufacturing expertise with advanced digital and intelligent technologies.
Frequently Asked Questions
What is the significance of JAC investing in Huawei’s Newcool unit?
The investment by JAC into Huawei’s Newcool unit highlights a strategic shift toward deeper collaboration between automakers and technology providers in intelligent mobility. By joining as a shareholder, JAC gains access to advanced smart driving systems, cloud integration, and AI-driven vehicle technologies. This partnership enables JAC to enhance its product offerings while contributing to Newcool’s ambition of becoming a global leader in intelligent automotive solutions, strengthening China’s position in next-generation mobility innovation.
How does Newcool contribute to the future of smart vehicles?
Newcool plays a central role in advancing smart vehicle technology by offering integrated solutions such as advanced driver assistance systems, vehicle cloud platforms, and digital ecosystems like HarmonySpace. These technologies enable seamless connectivity, automation, and enhanced user experiences in modern vehicles. By collaborating with multiple automakers, Newcool creates a scalable platform that accelerates innovation and standardization across the industry, helping manufacturers deliver more intelligent, efficient, and connected mobility solutions worldwide.
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