Last year, Huawei sold its entire Honor subsidiary brand to the Shenzhen Zhixin New Information Co. Ltd., which consists of more than 30 companies and dealers in China.
It was reported over the weekend that Huawei is considering selling its smartphone division along the same lines as Honor. Sources said Huawei’s entire smartphone business would be sold to a company led by the State Asset Supervision Commission and Administration of a major city in China. Moreover, the sources say the negotiations are nearing completion and the deal will be announced shortly.
In this regard, Huawei has officially announced that it does not plan to sell its smartphone manufacturing business. However, similar messages that appeared earlier regarding Honor and LG were also initially denied by the companies, and were later confirmed. So for now, there is no need to draw any unambiguous conclusions.
The company is expected to launch a new flagship smartphone Huawei P50 soon, and launch the Huawei Mate 50 line this fall.
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