HUAWEI TALKS ELECTRIC

CHINA'S Huawei Technologies is in talks to take control of a small domestic automaker’s electric vehicle unit.

The move would be a strategic shift for the world’s largest telecom equipment maker. Huawei is in talks with Chongqing Sokon to acquire a controlling stake in Chongqing Jinkang New Energy Automobile.

The move would allow Huawei to make intelligent cars bearing its own nameplate. | Reuters