Huawei is preparing to enter the electric car business for good; company seeks partnership with automakers
Huawei, China's giant telecommunications company, is preparing to enter the electric car business and be a strong competitor to Tesla and other companies in the market. Huawei is looking at ways to try to increase revenue streams. The Chinese giant suffered a lot from the sanctions imposed by the president Trump in the trade war between the giants.
According to Bloomberg, Chinese executives recently said that the company's self-driving technology is already more advanced than Tesla's e. A tech Chinese giant's steering wheel is already seen as more advanced than Tesla in some respects. One of the most important is the possibility of traveling around 1.000 kilometers without any action. human.
Huawei's idea is to partner with Chinese automakers. The cars will be assembled under the Huawei brand as a sub-brand. ”The smart car business unit receives one of the heaviest investments by Huawei. We will invest more than $1 billion in automotive component development this year”, said Xu, an executive at Huawei.
Huawei has been looking for ways to increase revenue after the worst year in its history. Actions by the Trump administration against the company have hindered the institution's growth. With this, Huawei seeks to enter a market that it believes will grow a lot from now on, becoming more accessible to the population and increasingly green.
Technology superior to Elon Musk's vehicles
The Chinese giant should launch its first model in April. The Electric Car will be in partnership with Arfox aS HBT, scheduled to be launched in April. ”I don't know if they were bragging, but my team said that the cars can drive on their own without human intervention for 1.000 kilometers. This is much better than Tesla,” said Xu.
