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Huawei Is Preparing to Fully Enter the Electric Car Industry; Company Seeks Partnership with Automakers
Huawei, the giant Chinese telecommunications company, is preparing to enter the electric car industry and become a strong competitor to Tesla and other companies in the market. Huawei is looking for ways to try to increase its revenue sources. The Chinese giant has suffered significantly from the sanctions imposed by President Trump during the trade war between the giants.
According to Bloomberg, Chinese executives recently stated that the company’s autonomous driving technology is already more advanced than Tesla’s. The driving technology of the Chinese giant is already seen as more advanced than Tesla’s in some aspects. One of the most important is the ability to travel about 1,000 kilometers without any human intervention.
Huawei’s idea is to partner with Chinese automaking companies. The cars will be assembled with Huawei’s branding as a sub-brand. ”The smart car business unit receives one of the heaviest investments from Huawei. We will invest more than US $1 billion in automotive components development this year”, said Xu, an executive at Huawei.
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Huawei has been looking for ways to increase revenue after the worst year in its history. Actions taken by the Trump administration against the company hindered its growth. Consequently, Huawei aims to enter a market it believes will grow significantly in the future, becoming more accessible to the population and increasingly green.
Technology Superior to Elon Musk’s Vehicles
The Chinese giant is expected to launch its first model as early as April. The electric car will be in partnership with Arfox as HBT, with a launch forecast for April. ”I don’t know if they were bragging, but my team said the cars can drive themselves without human intervention for 1,000 kilometers. That is much better than Tesla”, said Xu.
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