--- title: "JAC plans to invest in Huawei's smart car unit Newcool" type: "News" locale: "en" url: "https://longbridge.com/en/news/284757505.md" description: "Anhui Jianghuai Automobile Group Corp (JAC) plans to invest in Huawei's smart car unit, Newcool, which is currently 80% owned by Huawei, with Seres and Avatr each holding 10%. This investment aims to deepen the partnership between JAC and Huawei, which previously collaborated on the premium auto brand Maextro. JAC's investment details are pending final agreements, and if completed, Newcool will become an equity-participating company of JAC. The move supports JAC's goal to enhance its position in the smart driving system industry." datetime: "2026-04-30T11:22:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284757505.md) - [en](https://longbridge.com/en/news/284757505.md) - [zh-HK](https://longbridge.com/zh-HK/news/284757505.md) --- # JAC plans to invest in Huawei's smart car unit Newcool > - Huawei currently holds an 80% stake in Newcool, while Seres holds 10% and Avatr holds 10 percent. > - The move will further deepen the partnership between the two companies, which previously jointly launched the premium auto brand Maextro. (Huawei's DriveOne solution showcased at the Beijing Auto Show in April 2026. Image credit: CnEVPost) Anhui Jianghuai Automobile Group Corp (JAC) plans to invest in Huawei's smart car business unit Newcool, poised to become the unit's third major external shareholder. The Chinese automaker disclosed the potential investment intention in a Shanghai Stock Exchange filing today. The specific investment amount, transaction method and transaction price are subject to final documents signed by both parties. If the transaction is completed, Newcool will become an equity-participating company of JAC, and JAC's consolidated financial statement scope will remain unchanged, it said. Join us on Telegram or Google News Huawei currently holds an 80% stake in Newcool, Seres holds 10%, and Avatr holds 10%. Founded in January 2024, Newcool was initially wholly owned by Huawei and later opened its equity to other automakers as an open platform. The company's business covers Huawei's Qiankun ADS, vehicle control, intelligent automotive light, vehicle cloud and HarmonySpace solutions, aiming to provide an intelligent mobility experience. Seres and Avatr each bought a 10% stake in Newcool in 2024 for 11.5 billion yuan ($1.68 billion) respectively, valuing the business at 115 billion yuan. JAC has initiated negotiations with Newcool and its shareholders to join the investment in the company, hoping to jointly support the business to become a world-class leader in the automotive smart driving system and components industry, according to today's filing. JAC has a long-standing partnership with Huawei, and the two sides jointly created the premium smart car brand Maextro. In May 2025, Maextro's first model, the Maextro S800, was launched with a starting price of 708,000 yuan, making it one of the most expensive models from a domestic automaker to challenge Mercedes-Benz. The model achieved success in China's ultra-luxury market, and at the end of 2025, the Maextro S800 reached the milestone of its 10,000th unit rolling off the production line. Huawei-backed Maextro to launch multiple new models in 2026 for intensified push in luxury car market Maextro will launch SUV and MPV models next year, each available in both standard and long wheelbase versions, according to a local media report. ($1 = 6.8267 yuan) ### Related Stocks - [600418.CN](https://longbridge.com/en/quote/600418.CN.md) ## Related News & Research - [2026 Beijing Auto Show Greatest Hits: All the PHEVs, EVs, supercars and mega SUVs that will change the automotive game this year](https://longbridge.com/en/news/286663105.md) - [07:56 ETWellen Park marks 10 years among America's top-selling master-planned communities](https://longbridge.com/en/news/286766568.md) - [FOCUS-How India's cooking fuel shortage is driving up California's gas prices](https://longbridge.com/en/news/286750338.md) - [Li Auto shares plunge in Hong Kong after updated L9 SUV launch](https://longbridge.com/en/news/286704397.md) - [KNDS presses on with IPO, limiting window for German stake](https://longbridge.com/en/news/286560002.md)