Home » Huawei Accelerates Automotive Ambitions: Creating Independent Smart Car Unit

Huawei Accelerates Automotive Ambitions: Creating Independent Smart Car Unit

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Huawei Accelerates Automotive Ambitions: Creating Independent Smart Car Unit

Huawei Expands Automotive Ambitions, Creates Its Own Smart Car Unit

Huawei has taken yet another step towards establishing a significant presence in the automotive industry as the Chinese tech giant recently founded an independent smart car unit. The company incorporated Shenzhen Yinwang Intelligent Technology Co Ltd in its home city of Shenzhen on Tuesday.

This new firm will be entirely owned by Huawei and will primarily focus on the “manufacturing and sales of intelligent automotive systems and equipment.” Initial capital of 1 billion yuan (approximately US$140.5 million) was secured for the company, which shares the same address as Huawei’s headquarters.

Over the past three years, Huawei has been steadily accelerating its automotive ambitions. After facing export restrictions imposed by the United States, Huawei has made clear its intention to make a comeback. This was evident in 2021 when the company marked its entry into the electric vehicle race with its first battery-powered vehicle. Last year, the company unveiled two new vehicles in China, including its first electric sedan, the Luxeed S7, and an electric SUV called Aito M9. Both of these vehicles were greeted with much fanfare, showing that Huawei is a significant player in the automotive industry.

The company has received a major boost after a subsidiary of Chinese state-owned automaker Changan revealed its partnership with Huawei in the creation of a new company that will focus on supplying smart systems for cars. Changan plans to take a stake of up to 40% in this joint venture, which will help advance the company’s goal of becoming a low-carbon, technology-driven transportation firm.

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Huawei’s new venture comes at a time when smart cars are becoming increasingly common, as technology companies join forces with automakers to develop these vehicles. The company, for example, offers a vehicle software system called HarmonyOS for Automotive, designed to create a seamless experience across nearby devices. Another example is BYD, a Chinese automaker backed by Warren Buffett, which recently introduced Xuanji, an artificial intelligence system for cars.

This news arrives during a time when China is working diligently to develop advanced technology, particularly in the field of artificial intelligence. The Chinese Ministry of Industry and Information Technology has released draft guidelines aimed at standardizing the artificial intelligence industry, with plans to have at least 50 national and sectoral standards for AI by 2026. The government wants to ensure that at least 1,000 companies adopt and apply these standards by 2026, reinforcing the country’s position as a major player in AI technology.

As China continues to forge ahead in advanced technologies, it is clear that Huawei is positioning itself to be at the forefront of this industry, competing with other tech giants such as Xiaomi. With its recent ventures into the automotive sector, one thing is certain: Huawei has not lost sight of its goals despite the challenges it has faced.

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