{"id":23522,"date":"2021-04-13T21:38:00","date_gmt":"2021-04-13T18:38:00","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=23522"},"modified":"2026-03-27T22:08:55","modified_gmt":"2026-03-27T19:08:55","slug":"huawei-to-invest-1-billion-on-car-tech-it-says-surpasses-tesla","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/huawei-to-invest-1-billion-on-car-tech-it-says-surpasses-tesla\/","title":{"rendered":"Huawei to Invest $1 Billion on Car Tech It Says Surpasses Tesla"},"content":{"rendered":"\n

Huawei Technologies Co.<\/a>\u00a0will invest $1 billion in researching self-driving and electric-car technologies, accelerating plans to compete with\u00a0Tesla Inc.<\/a>\u00a0and\u00a0Xiaomi Corp.<\/a>\u00a0in the world\u2019s biggest vehicle arena.<\/p>\n\n\n\n

Huawei\u2019s autonomous-driving technology has already surpassed Tesla\u2019s in some spheres, for instance by allowing cars to cruise for more than 1,000 kilometers (621 miles) without human intervention, Rotating Chairman Eric Xu told analysts in Shenzhen Monday.<\/p>\n\n\n\n

The Chinese telecom giant will partner with three automakers initially to make self-driving cars that carry the Huawei name as a sub-brand, said Xu, one of three executives who take turns to fill the post. It will keep its circle of partners small and get its logo onto cars — not unlike how\u00a0Intel Corp.<\/a>\u00a0calls attention to its microprocessors on PCs — that adopt its autonomous driving technology, he added. The mobile giant has so far agreed to team up with\u00a0BAIC Group<\/a>,\u00a0Chongqing Changan Automobile Co.<\/a>\u00a0and\u00a0Guangzhou Automobile G<\/a>roup Co.<\/a><\/p>\n\n\n\n

\u201cThe smart car business unit receives one of the heaviest investments from Huawei. We will invest more than $1 billion in car component development this year,\u201d Xu said. \u201cChina adds 30 million cars each year and the number is growing. Even if we don\u2019t tap the market outside of China, if we can earn an average 10,000 yuan from each car sold in China, that\u2019s already a very big business for Huawei.\u201d<\/p>\n\n\n\n

Huawei is emerging from its toughest year on record, when Trump-administration sanctions smothered its once leading smartphone business and stymied advances into chipmaking and fifth-generation networking. The Biden White House has shown few signs of letting up, prompting billionaire founder Ren Zhengfei to direct Huawei toward new growth areas such as smart agriculture, health care and electric cars. It hopes for a seat at the table with tech giants vying to define the rapidly evolving fields of connected vehicles, homes and workplaces.<\/p>\n\n\n\n

Huawei aims to join tech giants from\u00a0Apple Inc.<\/a>\u00a0to Xiaomi in targeting the vehicle industry, betting future cars will grow increasingly green, autonomous, and connected. EV sales in China may climb more than 50% this year alone as consumers embrace cleaner automobiles and costs tumble, research firm Canalys estimates. Huawei\u2019s info and entertainment features can already be found in Mercedes-Benz sedans and the firm has teamed up with domestic players such as BAIC BluePark New Energy Technology Co. to develop smart car systems. The first model under its partnership with the Chinese EV maker, the Arcfox \u03b1S HBT, will be unveiled at Auto Shanghai in April.<\/p>\n\n\n\n

\u201cI don\u2019t know if they were bragging, but my team said they can have cars driving on their own without human intervention for 1,000 kilometers. That\u2019s way better than Tesla,\u201d Xu said Monday.<\/p>\n\n\n\n

But Huawei\u2019s piling into an already crowded arena, where an array of automakers from Tesla to local upstarts\u00a0Nio Inc.<\/a>\u00a0and\u00a0Xpeng Inc.<\/a>\u00a0are battling for a slice of the world\u2019s biggest EV market. Xiaomi — better known for its affordable gadgets and home appliances from rice cookers to robo-vacuums —\u00a0unveiled<\/a>\u00a0plans last month to invest about $10 billion over the next decade on manufacturing electric cars. Search giant\u00a0Baidu Inc.<\/a>\u00a0and\u00a0Geely Automobile Holdings Ltd.<\/a>\u00a0are also said to be teaming\u00a0up to\u00a0build vehicles.<\/p>\n\n\n\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Huawei Technologies Co.\u00a0will invest $1 billion in researching self-driving and electric-car technologies, accelerating plans to compete with\u00a0Tesla Inc.\u00a0and\u00a0Xiaomi Corp.\u00a0in the world\u2019s biggest vehicle arena. Huawei\u2019s autonomous-driving technology has already surpassed Tesla\u2019s in some spheres, for instance by allowing cars to cruise for more than 1,000 kilometers (621 miles) without human intervention, Rotating Chairman Eric Xu […]<\/p>\n","protected":false},"author":16,"featured_media":23523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":26,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[26,22],"tags":[],"class_list":["post-23522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","category-telecom","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nHuawei car tech - $1B push to beat Tesla | Saudi Shopper<\/title>\n<meta name=\"description\" content=\"Huawei car tech: Huawei will invest $1 billion in self-driving and electric research, claiming it surpasses Tesla in key areas. 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