Honor was formed as a high-value, budget sub-brand by Huawei, but was sold last year in an attempt to disassociate the brand from Huawei and its troubles with the US government. That move may prove to have been worthless soon, though, as a group of fourteen US politicians are reportedly lobbying for Honor to be added to the US's Entity List.
https://www.notebookcheck.net/Honor-may-yet-be-slammed-with-a-Huawei-esque-ban-in-the-US.553837.0.html