In comprehensive news, Chinese telecom giant Huawei is rapidly shrinking its front in smartphones and turning quickly into the automotive sector. The change has recently attracted widespread attention and discussion.
According to a recent report by First Financial Network, Huawei’s Huawei Smart will cooperate with Xiaokang Co. to sell new-energy branded cars, Ceres, through its channel. However, industry insiders pointed out that the retail channel for cars is very different from that for cell phones, and it is not easy to just hope to switch sales direction.
Meanwhile, Huawei previously said it would invest more than $1 billion in its smart car division this year, hoping to reduce its reliance on chips by boosting its software capabilities.
Separately, Reuters reported that a global shortage of chips is casting a shadow over China’s auto industry. China’s Volkswagen even said that the impact of the chip shortage will continue throughout the second quarter. Industry sources also pointed out that the shortage of chips will hit the overall production of cars, and some models will be in short supply.
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