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Huawei plans to produce electric vehicles: sources
STRATEGIC SHIFT? Reeling from US sanctions, the telecom equipment maker is in talks with Changan and other automakers to use their plants to make EVs
Reuters, HONG KONG and BEIJING
China’s Huawei Technologies Co (華為) plans to make electric vehicles (EVs) under its own brand and could launch some models this year, four sources said, as the world’s largest telecommunications equipment maker, battered by US sanctions, explores a strategic shift.
Huawei is in talks with state-owned Changan Automobile (長安汽車) and other automakers to use their plants to make its electric vehicles, two of the people familiar with the matter said.
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Huawei says it will not to build cars but will help car companies build better cars
Reuters reported that Huawei plans to make EV under its own brand and could launch some models this year, citing four insiders who know the matter directly. It says that Huawei is in talks with Changan Automobile and other automakers to use their car plants to make EVs. Huawei is reportedly in discussion with BAIC Group’s BluePark New Energy Technology to make its EVs.
Regarding the report, which has been circulating for some time, Huawei responded that the company’s strategy remains unchanged: Huawei does not want to build cars, but it will focus on ICT technology and aims to become a supplier of components to smart cars to help them build better cars.
Apple’s plans of foraying in the world of electric vehicles have been the talk of the town lately, and for good reasons. However, it appears that Apple is not the only consumer electronics giant eyeing a piece of the global EV pie. As per a Reuters report, HUAWEI is planning to make electric cars and sell them under the eponymous brand.
Talks underway with local names to use their manufacturing plants for making EVs
The company – whose giant smartphone business has been on a sharp decline lately due to US trade sanctions – has been in talks with state-owned Changan Automobile and few other names in China to make its electric vehicles at their manufacturing facilities. More importantly, sources familiar with the latest developments claim that
Read more about China s Huawei, reeling from US sanctions, plans foray into EVs: Report on Business Standard. Huawei was placed on a trade blacklist by the Trump administration over national security concerns