Behind Huawei's Spinning off its Smart Car Business

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By Wang Ruihao and Shaw WanBEIJING, December 25 (TMTPOST) — China's Huawei Technologies said in November it would move the key technologies and resources in its smart vehicle unit into a new joint company with Chinese car maker Changan Auto. The car maker owned up to 40 percent of the new firm’s shares.The stock market witnessed a surge after Changan announced the partnership on November 2