On October 9th, CHANGAN AUTOMOBILE released a progress announcement regarding the external investment of its joint venture. The information shows that the prerequisite for the third payment under the equity transfer agreement between Avita and Huawei has been met, and Avita has paid Huawei the third transfer payment of 3.45 billion yuan. So far, Avita has cumulatively paid 11.5 billion yuan, completing the investment for 10% equity in Huawei's subsidiary
