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(Yicai) June 25 -- Shares of Great Wall Motor gained after the Chinese carmaker said it will deepen its collaboration with Huawei Technologies on the latter's phone-vehicle application.
GWM's stock price [SHA: 601633] moved up as much as 3.2 percent to CNY26.22 (USD3.60) in Shanghai intraday as of 2 p.m.
The company will become one of the first automakers to get key resources such as source code and development tools for Huawei HiCar, a mobile application used to mirror phone features on vehicle display, the Hebei province-based firm announced yesterday, citing an agreement penned during the Huawei Developer Conference 2024.
Launched in May 2020, Huawei HiCar allows drivers to monitor smart home appliances, have video calls, and get alerts if wearables detect fatigue while driving on the central control screen.
The partnership will greatly enhance GWM's capabilities of independently developing products for connectivity between handsets and vehicles, providing the firm with strong technical support to upgrade its smart vehicle products, it added.
The pair will share resources and technology expertise to accelerate the use of Huawei HiCar on multiple GWM vehicle models and work together to explore product upgrading to achieve true intelligent phone-vehicle collaboration, the automaker added.
Editor: Emmi Laine