A Chinese Maserati? Huawei-backed EV firm nears pact with Italian marque, sources say

AI Summary

Chinese EV brand Maextro, backed by Huawei, is reportedly nearing a partnership with Italian luxury marque Maserati to co-develop electric models. The collaboration would combine Maextro’s technology and market ambitions with Maserati’s design and brand recognition to target premium buyers globally.

Chinese luxury electric vehicle (EV) brand Maextro is moving closer to a tie-up with Italian marque Maserati, which would result in co-developed models intended to challenge the likes of BMW and Mercedes-Benz globally, according to industry sources. Maextro, backed by technology giant Huawei Technologies, aimed to enlist Maserati’s design capabilities, styling and brand awareness to develop electric cars that could woo wealthy consumers, said two sources with knowledge of the matter. The...