FILE PHOTO: People check a Seres Huawei Smart Selection SF5 electric vehicle (EV) displayed during the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song
HONG KONG (Reuters) -China's Huawei Technologies is in talks to take control of a small domestic automaker's electric vehicle unit, two people with direct knowledge of the matter said, in what is seen as a strategic shift for the world's largest telecom equipment maker.
Huawei, which has been battered by U.S. sanctions, is in talks with Chongqing Sokon to acquire a controlling stake in the latter's Chongqing Jinkang New Energy Automobile, said the sources.
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