Huawei to move smart car operations to new joint company with Changan

China’s Huawei said on Sunday it will move core technologies and resources in its smart car unit, which has chalked up robust sales for a number of new vehicles, to a new joint company owned up to 40% by automaker Changan Auto.

The new company will engage in research and development, production, sales and service of intelligent automotive systems and component solutions, Huawei said in a press release.