In Pictures: Chery's Huawei-backed Luxeed to gain independent carmaking license, plans standalone IPO

Luxeed's move to secure its own production license marks a key step toward operating as an independent automaker.

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The Huawei-backed brand aims to stand alone in manufacturing and sales as it pursues a separate IPO.

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Chery's Wuhu plant capacity transfer will allow Luxeed to badge vehicles under its own name.

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Luxeed's independent business unit will oversee its own R&D, production, and sales operations.

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The production license transfer signals Luxeed's transition from a Chery-badged venture to a standalone EV maker.

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Luxeed plans to leverage transferred manufacturing capacity as it prepares for an independent public offering.

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The brand's standalone IPO ambitions reflect its evolution into a fully separate automotive business.

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Automated production lines at the Wuhu facility will support Luxeed's independent manufacturing license.

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Luxeed's licensing milestone comes as Chery and Huawei deepen their electric vehicle partnership.

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