Huawei-Chery joint brand Luxeed offers $2,794 cash subsidies

Reuters – The electric vehicle brand Luxeed, jointly developed by China’s Huawei and Chery, will offer cash subsides of 20,000 yuan ($2,794.00) for all of its cars until the end of July, Huawei’s smart car alliance said on Thursday.

($1 = 7.1582 yuan)

(Reporting by Beijing newsroom; Editing by Tom Hogue)