The Huawei Global Analyst Conference was held earlier today (12th April 2021) in Shenzhen, China. In the event, the company’s rotating chairman explained why the brand does not build cars.
During the event, Xu Zhijun, the rotating chairman of the Chinese tech giant was asked why the company did not build cars. The question even pointed at the rival brand Xiaomi as an example. Zhijun responded that the company will continue to increase its investment into smart car softwares for the growth of intelligence, automation, and the shift of the automobile industry to electric vehicles. But, he emphasized that Huawei’s position in the industry is relatively small, as it is just a component supplier in the field of smart connected vehicles.
The senior official further added that the decision for Huawei to not build a car was made after many years of discussions. Apparently, the company has internally assessed entering the automobile industry since 2012. Furthermore, car related research also began around that time, with ‘Internet of Vehicles’ laboratory being established by the brand in the same year. This was back when the company was studying the concept of electric vehicles, smart cars, and autonomous driving systems.
Since then, Xu Zhijun said that Huawei found that its technology was becomingly increasingly more common in automobiles, along with its value in the self driving market growing as well. Thus, the company decided against building cars, rather, they would shift the focus to provide ICT capabilities to help make better smart cars, which is reflected by its partnership with various automobile makers. Apart from just the software, the company also seeks to include Huawei branded electronic products that can be found inside the car.
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