{"id":110763,"date":"2024-07-16T12:59:11","date_gmt":"2024-07-16T07:14:11","guid":{"rendered":"https:\/\/techlekh.com\/?p=110763"},"modified":"2024-07-16T19:12:52","modified_gmt":"2024-07-16T13:27:52","slug":"seres-acquires-aito","status":"publish","type":"post","link":"https:\/\/techlekh.com\/seres-acquires-aito\/","title":{"rendered":"Seres Acquires Aito from Huawei at a Bargaining Price"},"content":{"rendered":"<div id=\"highlights\">\n<p><strong>HIGHLIGHTS<\/strong><\/p>\n<ul>\n<li>Seres to buy ownership rights of Aito from Huawei.<\/li>\n<li>The deal is set at an amount of $344 million.<\/li>\n<li>Seres will obtain a total of 963 patents, including registered and pending trademark rights and appearance patents from Huawei.<\/li>\n<\/ul>\n<\/div>\n<p><a href=\"https:\/\/www.global-seres.com\/\" target=\"_blank\" rel=\"noopener\">Seres<\/a> acquires the <a href=\"https:\/\/aito.auto\/\" target=\"_blank\" rel=\"noopener\">Aito<\/a> trademark and patents from <a href=\"https:\/\/www.huawei.com\/en\/\" target=\"_blank\" rel=\"noopener\">Huawei<\/a>.<\/p>\n<figure id=\"attachment_110764\" aria-describedby=\"caption-attachment-110764\" style=\"width: 3840px\" class=\"wp-caption alignnone\"><img decoding=\"async\" data-attachment-id=\"110764\" data-permalink=\"https:\/\/techlekh.com\/seres-acquires-aito\/aito-m9\/\" data-orig-file=\"https:\/\/techlekh.com\/wp-content\/uploads\/2024\/07\/Aito-M9.jpg\" data-orig-size=\"3840,2160\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"seres acquires aito\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/techlekh.com\/wp-content\/uploads\/2024\/07\/Aito-M9.jpg\" data-large-file=\"https:\/\/techlekh.com\/wp-content\/uploads\/2024\/07\/Aito-M9.jpg\" class=\"wp-image-110764 size-full\" src=\"https:\/\/techlekh.com\/wp-content\/uploads\/2024\/07\/Aito-M9.jpg\" alt=\"Seres acquires Aito from Huawei\" width=\"3840\" height=\"2160\" \/><figcaption id=\"caption-attachment-110764\" class=\"wp-caption-text\">Aito M9<\/figcaption><\/figure>\n<p>In a surprise move, Seres announced it will acquire the Aito trademark and patents from Huawei for <strong>$344 million<\/strong>.<\/p>\n<p>Seres and Huawei began their partnership in 2021, combining <strong>Seres&#8217; vehicle manufacturing expertise with Huawei&#8217;s advanced technology in intelligent systems and autonomous driving.<\/strong><\/p>\n<p>Their goal is to create innovative electric vehicles under the AITO brand, integrating Huawei&#8217;s HarmonyOS operating system and autonomous driving systems to meet the rising demand for smart and eco-friendly vehicles.<\/p>\n<blockquote><p><strong>This deal gives Seres 919 registered or pending trademark rights and 44 appearance patents from Huawei. <\/strong><\/p><\/blockquote>\n<p>Despite <strong>Aito&#8217;s success, with over 46,000 units sold<\/strong>, the deal&#8217;s valuation seems lower than the speculated asset value, suggesting the transaction focuses on changing ownership while keeping Aito&#8217;s operations unchanged.<\/p>\n<blockquote><p><strong>Huawei consistently emphasizes its stance of not building cars, and this transfer reaffirms that position. <\/strong><\/p><\/blockquote>\n<p><strong>Seres stands to benefit significantly from Aito&#8217;s growing sales momentum<\/strong>. With this acquisition, Seres can capitalize on Aito&#8217;s success and further strengthen its position in the smart vehicle market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HIGHLIGHTS Seres to buy ownership rights of Aito from Huawei. The deal is set at an amount of $344 million. Seres will obtain a total of 963 patents, including registered and pending trademark rights and appearance patents from Huawei. Seres acquires the Aito trademark and patents from Huawei. In a surprise move, Seres announced it&hellip;<\/p>\n","protected":false},"author":1089,"featured_media":110764,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2030,4251,4],"tags":[8048,2189,970,275,7758],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Seres Acquires Aito from Huawei at a Bargaining Price<\/title>\n<meta name=\"description\" content=\"Seres acquires the Aito trademark and patents from Huawei in a surprising deal for a bargain price of $344 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/techlekh.com\/seres-acquires-aito\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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