HomeAbout

TL;DR CNBC


Huawei is pushing its tech into the EV world with new cars, automaker partnerships - TL;DR CNBC

Huawei is pushing its tech into the EV world with new cars, automaker partnerships

Publishing timestamp: 2023-11-29 03:32:14


Summary

Huawei is working with traditional automakers in China to develop new car brands. They sell tech components and work with automakers to create new EV brands. Chinese automakers are happy to use Huawei's tech to fill the void in their products. Huawei's revenue from its consumer business has decreased since being blacklisted by the US. They have released their own operating system called Harmony OS. Huawei works with automakers in three ways: selling car tech products, taking control of the car's design and marketing, and manufacturing their own brand of cars called Aito. Chinese automakers have captured a significant share of the new energy vehicle market in China.


Sentiment: NEUTRAL

Tickers: Z625-CN300750-CN700-HK1958-HK1810-HK

Keywords: tencent holdings ltdxiaomi corpmarket insidertechnologyautosmarketsbaic motor corp ltdchongqing changan automobile co ltdbreaking news: technologystock marketsbusiness news

Source: https://www.cnbc.com/2023/11/29/huawei-pushing-its-tech-into-evs-with-cars-automaker-partnerships.html


Developed by Leo Phan