Before the company’s problems started with the US, Huawei, and its sub-brand, Honor, were probably the greatest name in the business of smartphones. The resulting prohibition on business with both of these organizations for US firms and the continuous COVID-19 pandemic has now driven Huawei to sell Honor. Huawei’s phone sub-brand is currently formerly owned by the Shenzhen Zhixin New Information Technology Co., Ltd.
Honor, and its phone business, has been offered to Shenzhen Zhixin New Information Technology Co., Ltd. In its official declaration, Huawei says that Honor’s senior administration will remain unaltered thus will the organization’s business advantages and Honor’s direction of improvement. Huawei won’t hold any shares in the company and it won’t be a part of the organization’s chief board anymore.
Honor smartphone brand no more a part of Huawei
“At a bad time when industrial innovation components are impractical and buyer organizations are under pressure to permit Honor channels and suppliers to proceed, Huawei Investment Holding Co., Ltd. chose to sell the whole Honor business resources. The buyer is Shenzhen Zhixin New Information Technology,” says Huawei in its official declaration.
Honor’s new proprietor, i.e., Shenzhen Zhixin New Information Technology Co., Ltd is a consortium of in excess of 30 agents and merchants. The deal will guarantee that the organization will regulate assets, branding, supply, production, administrations, activities, and executive choices.
Several days back, Qualcomm confirmed that it currently has the permit to offer a few items to Huawei. The equivalent could be stretched out for Honor, in which case we could see the organization attempting to make it back to the worldwide smartphone scene.
What is not yet clear is whether Honor attempts independent improvement of items, or depends on Huawei’s assets for some time. Recently, Poco separated from Xiaomi as a particular organization however keeps on using the last’s assets for item improvement and supply. Likewise, Realme depends heavily on Oppo’s assets for its business in the business sectors it works.
At present, both Huawei and Honor are banished from using Google’s set-up of applications on their gadgets. All things considered, Huawei has been building up its Harmony OS that could in the end match Android in the coming days. Honor could profit from Huawei’s improvements in the days to come. Honor itself has stretched out into other item categories, for example, wearables and PCs.