Startups
Huawei Enters The Electric Car Industry, Poses Competition For Tesla
December 23, 2021
April 28, 2022
Huawei logged the worst decline out of seven brands, ranking sixth by market share and with sales plunging by 64.2% from a year earlier, the report showed. The company’s smartphone sales in China also fell by 12% from the prior quarter.
Apple was the only other company on the list to post a quarter-on-quarter sales decline in China, down by 23%, according to Counterpoint. However, the iPhone maker’s China sales still grew by 4.4% in the first quarter from a year ago.
Huawei has emphasized hiring talent and developing other business lines to counter the impact of falling smartphone sales.
In particular, while the company said it will not build its own cars, Huawei has entered the hot electric car market by incorporating its HarmonyOS operating system and other technology into cars manufactured by traditional Chinese auto brands.
Rotating chairman Hu said earlier this week that at least two more car models using Huawei technology would be launched this year. The first car to use HarmonyOS was the Aito M5, which began deliveries earlier this year.
Huawei said its research and development team for smart autos has reached 5,000 people, and that the company’s investment in auto tech-related operations reached $1 billion last year.
SOURCE: CNBC
IMAGE CREDIT: PIXABAY
