China’s Huawei plans foray into EVs
Updated: Mar 1, 2021
World’s largest equipment maker, China’s Huawei is planning to make electric vehicles under the name of its brand and may launch some models this very year, as the world’s largest telecommunication equipment maker, bettered by U.S. sanction, search for a new strategic shift.
Huawei Technologies Co. Ltd. is in conversation with Changan Automobile and a few other automakers for using their car plants to build their EVs. It is also in talks with Beijing-backed BAIC Group’s Blue Park New Energy Technology for manufacturing its EVs.
A Huawei spokesperson denied all the upcoming plans of manufacturing EVs or producing Huawei branded vehicles.
He said, “Huawei is not a car manufacturer. However, through ICT, we aim to be a digital car-oriented and new-added components provider, enabling car OEMs to build better vehicles.”
They began designing the EVs internally and approaching suppliers at home, by aiming to lunch the project as early as this year.
As Beijing is greatly promoting greener vehicles as a means for reducing chronic air pollution, Chinese technology firms are also bringing their game on EVs in the world’s biggest market for such vehicles.
Sales raise for such vehicles is expected to be up 20% of China’s overall annual auto sales by 2025. The industry forecasts to put China’s EV sales at 1.8 million units this year from 1.3 million in 2020.