Will Huawei go for electric cars?
In China, the government is pushing more and more companies to enter the electric sector, seen as the future of mobility. It is clear that, faced with a stunned and divided West, Beijing wants to take the lead in this sector for the next twenty years.
One example is Huawei, which – according to Reuters – has plans to make electric vehicles under its own brand and may launch some models this year due to the limitations it faces on mobile telephony due to constraints placed by the Trump administration and from several others
Since building cars from scratch isn't an easy task, Huawei is instead in talks with state-owned Changan Automobile and other automakers to use their auto plants to make its Huawei-branded electric vehicles, according to Reuters.
Huawei is also in talks with another Chinese company: BAIC Group's BluePark New Energy Technology. Like Foxconn's deal with Lucid, BluePark would be responsible for the mass production of the allegedly Huawei-designed cars. At the same time, other companies, such as BYD, integrate Huawei technologies in their products at a very high level, so they may well be able to create joint ventures with the IT product company.
According to Reuters, the plan announces "a potentially major change of direction for Huawei after nearly two years of US sanctions that cut its access to major supply chains, forcing it to sell part of its smartphone business to keep the brand alive. .
The Trump administration has targeted Huawei over concerns that Western countries using its technology and products in their 5G networks would give the CCP unprecedented access to private and sensitive information belonging to foreign governments. A Huawei spokesperson warned that although the company does not currently manufacture automobiles, it aims to provide "digital car-oriented components and new add-ons."
“Huawei is not a car manufacturer. However, through ICT (information and communication technology), we aim to be a supplier of new and digital car-oriented components, enabling car OEMs (original equipment manufacturers) to build better vehicles ”.
The company's electric vehicles will reportedly target mass-market consumers, while presumably "foreign" electric cars such as those made by Tesla and other foreign automakers (such as Ford, which has partnered with a Chinese company to make electric cars for the Chinese market) richer Chinese consumers. It's a gap that reflects the Chinese smartphone market, where domestic phones from Huawei and Xiaomi are seen as more pedestrians than Apple products purchased in the country.
The prospects for growth in the Chinese electric vehicle market are high: sales of new energy vehicles (NEVs), including battery-only electric vehicles, as well as plug-in hybrid and hydrogen fuel cell vehicles, are expected to account for 20% of total annual Chinese car sales by 2025.
Officially the house has denied the intention to directly produce an electric car, but it could also be an integration with other houses already in the sector and which, perhaps, need capital to further develop production. For example, the BYD Han, a very advanced EV car with 500 horsepower, at the level of Tesla, uses sophisticated electronics and infotainly made in Huawei.
Here is a video about this EV car made in China
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Will Huawei article throw itself into electric cars? comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/huawei-si-buttera-sulle-auto-elettriche/ on Sun, 28 Feb 2021 08:00:16 +0000.