Changan Automobile Completes Due Diligence for Major Project

Changan Automobile Completes Due Diligence for Major Project

Yuan Liwei
1 min read

Changan Automobile Delays Deal with Huawei, Signing Expected by August 31, 2024

On May 6, 2024, Changan Automobile (000625.SZ) announced the completion of financial, legal, business, and technical due diligence for a project and is currently negotiating key terms of the deal. The project's progress has been slightly delayed, with the company expecting to sign the final agreement no later than August 31, 2024. This development follows the cooperation agreement signed between Changan Automobile and Huawei in November 2023.

Key Takeaways

  • Changan Automobile (000625.SZ) delays deal with Huawei, now expected to be signed by Aug 31, 2024.


The delayed deal between Changan Automobile and Huawei could have implications for both companies' growth strategies in the autonomous vehicle market. Additionally, it may impact the potential partnership opportunities for Changan Automobile with Huawei. The delay could also cause short-term turbulence in Changan Automobile's stock price. It is uncertain how the deal's final terms will affect the company in the long term. This delay could also indicate tensions in China's tech industry, potentially influenced by the government's push for self-reliance. Several indirect causes of the delay, such as supply chain disruptions, regulatory hurdles, and integration complexities, may have contributed. The finalization of the deal could lead to technological advancements and strengthen the Chinese autonomous vehicle sector.

Did You Know?

  • Changan Automobile (000625.SZ): A prominent Chinese automobile manufacturer engaging in a partnership with Huawei since November 2023 for a project currently in negotiation for finalizing the deal terms.
  • Longan Auto (000625.SZ): Likely a typo, the correct term is "Changan Automobile" with the same stock code (000625.SZ).
  • Huawei: A leading Chinese multinational technology company that has expanded its presence into various industries, including automotive.

These explanations aim to provide better understanding for average business and tech professionals about the news article.

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