JAC Eyes Stake in Huawei's Newcool Smart Car Unit

JAC is reportedly weighing an investment in Newcool, Huawei’s automotive smart technology arm, according to a recent report. The move would mark another major automaker aligning with Huawei’s expanding software and EV hardware ecosystem.

Newcool’s current ownership includes Huawei with an 80 percent stake, while Seres and Avtovaz each hold 10 percent. JAC’s participation could diversify the unit’s investor base and strengthen its ties with a traditional manufacturer.

An injection of capital from JAC would not only provide Newcool with additional resources but also signal broader industry confidence in Huawei’s approach to intelligent driving and electric vehicle technology. Analysts see this as part of a trend where legacy automakers seek partnerships with tech firms to accelerate their digital transitions.

While no official statement has been made, the report suggests talks are at an advanced stage. If finalized, the deal would consolidate Newcool’s position as a central hub for collaborative innovation in China’s rapidly evolving automotive sector.