Huawei Technologies Company is allegedly working on luxurious vehicles alongside Anhui JAC Ltd. This indicates that Huawei is becoming more engaged in the automotive supply network in order to increase its earnings.
According to information posted on the CSCEC website, one of its companies was a member of an association that received a 1.5 billion yuan ($215.4 million) contract for engineering, procuring and constructing an industrial park for new energy vehicles in Hefei, Anhui Province. Yu Chengdong stated that there are no intentions for Huawei to manufacture electric vehicles. It is collaborating with Jianghuai Automobile Group Co. Ltd. to improve its car production and sales.
Lin Shi, the CEATEC’s secretary general for intelligently connected vehicles (ICVs), claimed that when Huawei really does collaborate with JAC Motors, that will be Huawei’s second attempt to grow its smart-vehicle operations.
According to a report in Hefei’s daily, its party secretary Yu Aihua met Chengdong in Shenzhen, a provincial city in Guangdong, last month, and the parties said they would cooperate to carry out the JAC Motors and Huawei partnership deal. The report further stated that the two companies have a long history of working together, and jointly, they will produce a new wave of luxurious vehicles using foundational techniques subject to Huawei’s smart automotive parts.
Three approaches have been taken by Huawei in order to become involved in the automotive supply network. First, the company began providing standardized auto parts to manufacturers; second, it is offering a comprehensive range of smart vehicle technology options; and third, its approach requires smart auto-selection modes.
Huawei takes charge of the sales and marketing of several vehicle models in addition to taking part in product development, internal design and smart solutions. So far, Seres, based in Chongqing, is the carmaker that has collaborated most closely with Huawei under the smart auto-selection modes. The two jointly created the popular AITO Wenjie model, which is offered in Huawei’s numerous retail locations all over China.
While speaking in an organizational meeting in 2022, Yu stated that Huawei’s vehicle business segment should become profitable in 2025. The smart auto-selection modes will be largely responsible for achieving that objective, according to experts.
Even as the government restricts the permits required for building NEVs, which closely connects them to conventional vehicle makers in establishing facilities, this might be an ideal opportunity for Huawei to become increasingly engaged in the automotive industry, according to Ma Chao, a freelance auto specialist.
As more players enter the EV space, existing manufacturers such as Workhorse Group Inc. (NASDAQ: WKHS) will have to constantly improve their offerings in order to remain attractive to the motoring public.
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