• Thursday, Oct 21, 2021
  • Last Update : 02:23 pm

Huawei to invest more in intelligent vehicles

  • Published at 04:17 pm April 15th, 2021
Eric Xu Huawei
Eric Xu Courtesy

This announcement has come after the recent disclosure of the financial report of 2020, where the company saw comparatively slower growth than previous years

To boost business resilience, Huawei will strengthen its software capabilities and invest more in businesses that are less reliant on advanced process techniques, as well as in components for intelligent vehicles.

Eric Xu, Huawei's Rotating Chairman, announced this at the 18th Global Analyst Summit in Shenzhen recently, said a press release.

During the session, Xu shared the five strategic initiatives of Huawei moving forward.

This announcement has come after the recent disclosure of the financial report of 2020, where the company saw comparatively slower growth than previous years.

In addition to higher investment in intelligent vehicles, Huawei will also emphasize maximizing 5G value and define 5.5G with industry peers to drive the evolution of mobile communications, provide an user-centric, and intelligent experience across all user scenarios, innovate to reduce energy consumption, and address supply continuity challenges.

“We believe deeply in the power of digital technology to provide fresh solutions to the problems we all face. So we will keep innovating and driving digital transformation forward with our customers and partners to bring digital to every person, home, and organization for a fully connected, intelligent world,” Xu said.

The first Huawei Global Analyst Summit took place in 2004 and has been held annually ever since.

This year's summit, “Building a Fully Connected, Intelligent World,” was held on April 12-14, with several breakout sessions where industry experts from around the world can share their unique insights and discuss future trends.

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