On November 17, Huawei has officially declared that Honor has now become a separate smartphone brand and announced the sale of all assets of Honor to Shenzhen Zhixin New Information Technology, a consortium of over 30 agents and dealers.
Huawei sold its sub-brand, Honor because of US government restricts American companies to supply chips or components made with US technology to Huawei.
Huawei Technologies founder, Ren Zhengfei at Honor’s farewell party says, I hope budget smartphone brand Honor, which Huawei sold recently, would become its former parent company’s strongest global competitor and even surpass it in the future.
“Be the strongest competitor of Huawei in the world, surpass Huawei, and even use defeating Huawei as your motivation,” said Ren
According to a transcript released on Huawei’s official employee community platform, Xinsheng Shequ, on Thursday. “We are competitors in the future.”