Business · Companies · 49 mins ago

Huawei-led Chinese auto alliance sees deliveries fall 50% in October

Huawei-led Chinese auto alliance sees deliveries fall 50% in October

Huawei's Chinese auto alliance is showing signs of strain.

Its member brands are becoming more independent, and Seres is among those seeking greater independence.

Alliance deliveries fell 50% year on year in October.

One example is the Aito M9, developed by Huawei and Seres, which has had sluggish sales.

Intense competition and weak consumer spending are weighing on sales.

This puts pressure on an alliance whose members are also competing with one another.

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