Huawei Technologies Co. has ventured into the electric vehicle (EV) market, an industry shift that could potentially value its auto business at up to $35 billion, as explained by Katrina Hamlin of Breakingviews. The tech giant's move into EVs is seen as a strategic pivot to generate additional revenue streams, particularly for research into semiconductors, artificial intelligence, and other technologies. This transition comes after the company's sales were significantly impacted by geopolitical tensions and U.S. sanctions. However, the company's foray into the automotive sector is not without challenges. Huawei's computing unit, which supplies to Chinese automakers, has encountered production issues, causing delays in the delivery of flagship models.
Exclusive: Chinese automakers hit by production issues with Huawei computing unit https://t.co/NMz0dTarP9
From @Breakingviews: Huawei is revving up its auto business. It could help rustle up cash for research into semiconductors, AI and more, after geopolitical tensions and US sanctions sapped sales. But it won’t be easy, says @KatrinaHamlin. Read more: https://t.co/2ptVX10LiX https://t.co/vK9NQ6uL3G
From @Breakingviews: Huawei is charging up its auto business, which could help raise cash after geopolitical tensions and US sanctions sapped its sales. But the new venture must navigate those potholes too, @KatrinaHamlin explains https://t.co/kzG0Ma3eUO https://t.co/b5ELf8Nk9V
From @Breakingviews: Huawei is charging up its auto business, which could help raise cash after geopolitical tensions and US sanctions sapped its sales. But the new venture must navigate those potholes too, @KatrinaHamlin explains. Read more: https://t.co/2ptVX11j8v https://t.co/5qI0UVKRt0
From @Breakingviews: Huawei is revving up its auto business. It could help rustle up cash for research into semiconductors, AI and more, after geopolitical tensions and US sanctions sapped sales. But it won’t be an easy ride, says @KatrinaHamlin https://t.co/kzG0Ma2H5g https://t.co/qd83AaWRp9
From @Breakingviews: Huawei is revving up its auto business. It could help rustle up cash after geopolitical tensions and US sanctions lopped its revenue. But its cars venture must navigate those same potholes, @KatrinaHamlin explains. Read more: https://t.co/2ptVX10LiX https://t.co/k4065lTeu4
From @Breakingviews: Huawei is revving up its auto business. It could help rustle up cash after geopolitical tensions and US sanctions sapped sales. But its cars venture must navigate those same potholes, says @KatrinaHamlin https://t.co/kzG0Ma2H5g https://t.co/ZBdzirA3BV
Exclusive: Chinese automakers hit by production issues with Huawei computing unit https://t.co/IdEzTiFrxm https://t.co/C2F85au0hL
⚠️ EXCLUSIVE-CHINESE AUTOMAKERS HIT BY PRODUCTION ISSUES WITH HUAWEI COMPUTING UNIT, SOURCES SAY (Reuters) Some Chinese automakers have had to delay deliveries of flagship models due to production issues with a computing unit made by tech giant Huawei, five people with… https://t.co/DHour6OW9C
Watch: Huawei is charging up its auto business, which could be valued at as much as $35 bln. Extra cash would be handy for research into chips, AI and more, after geopolitical tensions and US sanctions sapped sales. But it won’t be an easy ride, @KatrinaHamlin explains. https://t.co/K9QP8nswng
From @Breakingviews: Huawei is revving up a new way to feed the beast. But its excursion into EVs could hit some potholes, says @KatrinaHamlin https://t.co/4ZflSZtVxX
Breakingviews - Huawei revs up a new way to feed the beast https://t.co/FE9r7QpAyE https://t.co/FE9r7QpAyE
Huawei is revving up a new way to feed the beast. But its excursion into EVs could hit some potholes, says @KatrinaHamlin https://t.co/tEi3RCAXI8 https://t.co/AICQjv6cIB
From Breakingviews - Breakingviews - Huawei revs up a new way to feed the beast https://t.co/IZOXtsrCiM https://t.co/IZOXtsrCiM
Huawei produces electric vehicles now.. https://t.co/R6MVI5MVSL