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SAIC and Haier Said to Unite in Latest Push Into Smart Cars
- Duo to cooperate on autonomous driving, materials development
- Haier will also invest in SAIC unit in port near Shanghai
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Chinese carmaker SAIC Motor Corp. and appliance giant Haier Group Corp. signed a preliminary agreement to jointly develop intelligent transportation systems and smart homes, according to two people familiar with the matter.
The duo will cooperate in areas including autonomous driving and lightweight-material development and establish a fund to invest in areas such as intelligent manufacturing, the people said, asking not to be named discussing information that isn’t public.