skip to Main Content
wahaha-smart-car

China’s Largest Beverage Manufacturer Wahaha Aims To Set Up Smart Car Brand

CHINA: Hangzhou Wahaha Group has set up a car manufacturing subsidiary, Zhejiang Haha Technology Innovation Centre Co. Ltd., in order to enter the automotive industry. Although government approval is still required for formal business operations, the automotive offshoot is intending to develop intelligent vehicle technologies and smart cars using next-generation technologies as well as novel, environmentally and energy friendly materials. A move that is largely motivated by forecasts of increasing consumer demands and government incentives for electric vehicles and automotive technological advancements.

Previously, Chief Executive of Wahaha Group, Zong Qinghou, had pledged his deep interest in technology and invested over US$10m over a span of five years in an Isreali artificial intelligence centre focused on the development of camera lens in driver-less cars.

Other Chinese start ups entering the electric vehicles market include NIO, XPENG Motors as well as established household appliance manufacturers LeEco and GREE and real estate companies Baoneng, Evergrande and Wanda Group.

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

click here for previous article
click here for next article

Leave a Reply

Specify LinkedIn Client ID and Secret in Super Socializer > Social Login section in admin panel for LinkedIn Login to work

Your email address will not be published. Required fields are marked *

Back To Top