According to Chinese reports, Huawei is working on a new product that will cost about $45, 000. According to reports, this product may be the company' s first fully electric vehicle. Huawei had previously confirmed that it would not be manufacturing the car on its own. As a result, it will almost certainly be manufactured by a car manufacturing partner brand.
When it comes to electric vehicles, Huawei has previously confirmed that it is based on new technology, such as self- driving and various components that will be used in future cars. That is, the company previously positioned itself as a provider of automotive software and hardware solutions.
Huawei Mobile Services (HMS) will be available in Mercedes- Benz S- Class sedans sold in China, the company reported recently.
Huawei' s future in the smartphone industry is now in doubt, as the company can no longer manufacture cutting- edge chips for its devices. In order to focus its attention on the main brand, the company recently sold its sub- brand Honor.
The company has also been diversifying its activities in order to plan for a potential exit from the smartphone market. The company has recently launched smart TVs, wearables, and accessories. According to a recent survey, however, the company will make a significant step into an unlikely segment: electric vehicles.
Before deciding to build a vehicle, it had already made a series of arrangements in the automotive industry. Xiaomi made a strategic investment in Kay Rucker, a mapmaker, in 2014. Lei Jun, through Shunwei Capital, invested in the new domestic car- making powers Weilai and Xiaopeng Motors in 2015 and 2016. They were both, however, based on co- investment. Shunwei Capital has also made an investment in Xiaopeng Motors in 2019. Furthermore, the Mercedes- Benz Passenger Car China R& D Center and Xiaomi' s intelligent voice assistant " Xiao Ai" partnered in 2019.
The analysts at Canalys, a research firm, summed up the findings of the global electric vehicle industry in 2020. Analysts estimate that revenue rose by 39% in 2019 over the previous year, to 3. 1 million units. The passenger car market as a whole, on the other hand, shrank by 14%. Electric vehicle sales are expected to reach 30 million units by 2028, according to Canalys, and electric vehicles will account for nearly half of all passenger cars sold globally by 2030.
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