Chinese smartphone brand Huawei has announced that the company has reshuffled the executives within the company. As a part of this, Richard Yu, President of Huawei, has been removed from the position of CEO of Huawei Cloud.
The company has now appointed Zhang Ping as the new CEO for Huawei Cloud. Richard Yu has now been appointed as the CEO of the new Smart Car Solution BU and he will continue to be the CEO of Consumer BG. Additionally, Wang Jun has been appointed as the President of the Smart Car Solution BU.
Huawei has been focusing too much on the reshuffle of the executives and has been regularly doing so. At the beginning of this year, Richard Yu added several new positions, mostly related to the Cloud business.
The company says that the purpose of the adjustment is to strengthen the synergy between mobile and cloud computing and to further integrate core capabilities, improve internal operational efficiency, strengthen Internet business layout, and promote ecological development.
Last month, Xu Zhijun, the rotating chairman of Huawei, was appointed as the Chairman of Huawei Cloud and at the time, Richard Yu was appointed as the CEO of Huawei Cloud. Now, in this new reshuffle, he has been replaced for the Huawei Cloud unit.
It is said that Richard Yu has completed the part of the resource integration and he now wants to focus on other businesses. Xu Zhijun will continue to be the Chairman of the Cloud BU and use group-level resources to promote and develop cloud business.
Richard Yu will now be focusing more on the Smart Car business along with the Consumer Business. The Chinese tech giant established its Smart Car Solution BU in May 2019 and provides incremental components for smart connected cars such as smart driving, smart dashboard, smart networking, etc.
Xu Zhijun also revealed that Huawei has invested around $1 billion in this business. He adds that even if the company does not engage in foreign markets, average annual revenue of 10,000 yuan per vehicle is sufficient for Huawei.
The company has announced two business strategies for the development of the smart car business. One is to become a supplier of parts and solutions and the other is to focus on creating an ecosystem — MDC Ecology.
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