According to media reports on October 12, Huawei’s chairman Xu Zhijun disclosed that the company has invested US$500 million in the smart car solution business unit this year, and has not yet considered about short-term profits. Among the five major areas of Huawei car business units, smart electric is a relatively mature business and the fastest to reach customers. At present, Huawei has launched mass-produced and commercialized products for electricity-powered drive systems, vehicle power supplies, and battery management systems. Xu Zhijun said that Huawei plans to install these products into vehicles in early 2022. Furthermore, Huawei launched its subsidiary car technology company Huawei Electric Technology Co on September 8 this year. (Source)
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According to my research, In 2020, Huawei made a significant investment of US$500 million into its car business units, focusing on the development of smart electric vehicles (EVs). This move highlights Huawei’s commitment to expanding its presence in the automotive industry, particularly in the rapidly growing market for intelligent and electric vehicles. The company’s investment aims to drive innovation in areas such as autonomous driving, connected car technologies, and vehicle electrification, positioning Huawei as a key player in the future of smart mobility.
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