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Huawei to invest $1 billion in electric vehicles and autonomous driving technology


Due to the extraordinary curiosity in electric vehicles in current years, many technology firms have turned to this market.

For instance, it’s identified that the US firm Apple is working by itself vehicle mission and is in talks with producers.

Not too long ago, the Chinese language are among the many firms that may produce their very own electric automobile. Xiaomi and introduced that it’ll invest 10 billion {dollars} in the following 10 years.

1 BILLION DOLLARS INVESTMENT FROM HUAWEI

The Chinese language producer, which has not too long ago been overwhelmed by the pressures of the USA and misplaced blood in the smartphone market Huaweiwill strive its luck in the electric automobile market.

The Chinese language firm, which doesn’t need to fall behind its opponents in this sector, introduced that it’ll invest 1 billion {dollars} in the analysis and improvement of electric automobile and autonomous driving applied sciences.

TO BE PARTNERS WITH MANUFACTURERS IN CHINA

Huawei, Chinese language automaker Changan Vehicle and a number of different producers are in talks to use their manufacturing amenities for its electric automobile.

Making an announcement on the topic, Huawei Vice President Eric Yu, “Huawei’s good vehicle enterprise unit will obtain one of many largest investments. This yr we are going to invest greater than $1 billion in the event of vehicle parts.

Even when we do not go to the market outdoors of China, if we are able to earn a median of 10,000 yuan from each automobile bought in China, that may be an enormous job for Huawei anyway.” mentioned.

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