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Huawei reiterated once again that it will not build cars! The other two contract car manufacturers responded like this.

2024-11-21 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)02/27 Report--

When the demand for new energy vehicles is constantly exaggerated, in addition to technology companies such as Apple and Xiaomi, it is reported that they will transform the car-building industry, and even housing companies such as Evergrande and Baoneng will get a piece of the pie. As a result, Huawei, the leading domestic mobile phone company, has been repeatedly rumored that it will also enter the car-building industry. In response to a recent Reuters report that Huawei will launch its own-brand car and negotiate contract manufacturing with Changan Automobile and BAIC Langu, Huawei has reiterated that it will not build cars, and the other two contract manufacturers have also responded one by one.

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Huawei plans to launch its own-brand electric car and is negotiating contract manufacturing with Changan Automobile and BAIC Blue Valley, foreign media reported yesterday, citing insiders. Huawei has begun to design these models internally, and the models could be launched as early as this year, the report said.

As the news clearly pointed out the other two contract car companies, it was quickly spread. Huawei quickly responded to the report within half an hour, with the company's strategy unchanged-Huawei will not build cars, focus on ICT technology, be a supplier of incremental parts for smart cars, and help car companies build cars.

After noon, people related to BAIC Blue Valley, which is rumored to be one of the contract manufacturers, responded that the company was verifying the matter and that the current cooperation with Huawei was only technical and did not involve contract manufacturing.

While another car company was reported as a contract manufacturer of Changan Automobile, its executives flatly denied it in the middle of the night: "fake."

In fact, this is not the first time Huawei has clarified that it does not build cars. Huawei made it clear to the public in the form of official documents as early as November 25, 2020. A resolution on the business management of smart car parts was published by Huawei's internal management team (EMT), which mentions who will build a car in the future, interfere with the company, can be transferred from the post, and look for another job, which is valid for three years.

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At the same time, Huawei has formally changed the business jurisdiction of BU (IAS BU), a smart car solution, from the ICT Business Management Committee to the Consumer Business Management Committee. At the same time, Wang Tao was appointed as a member of the Consumer Business Management Committee.

The consumer BG IRB is reorganized into intelligent terminal and intelligent automobile parts IRB, and the investment decision and portfolio management of intelligent automobile parts business is adjusted from ICT IRB to intelligent terminal and intelligent automobile parts IRB. Yu Chengdong was appointed director of IRB for smart terminals and smart car components.

Although Huawei has never admitted to carrying out the car-building business, Huawei's foray into the automobile industry is becoming more and more obvious. Since 2013, Huawei began to set up a "vehicle networking business unit", which announced that it would enter the car network. it has been expanding the development of technology in the automotive field. By 2019, Huawei has improved step by step from the three directions of car networking, communications, and self-driving, including hardware modules, chips, software, solutions, and so on. We have made corresponding preparations in automobile intelligence, such as vehicle networking, self-driving and 5G communications, and can be said to have mastered many core technologies in the field of car construction.

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Although Huawei, BAIC Langu and Changan Motor have all responded by denying Huawei's car-building, all three have some deep cooperation in car-building.

Earlier, Changan Automobile will work with Huawei and Ningde Times to create a new high-end smart car brand, and the new electric vehicle platform will be named after the initials of the three companies, called CHN platform. The brand's first model, internally codenamed E11, is positioned as a pure electric SUV, and its competitors may be locked into Tesla Model Y, Lulai ES8 and other models. BAIC New Energy's cooperation with Huawei began in 2017, and the company continued to upgrade its cooperation content and mode with Huawei from 2018 to 2019.

Judging from the current market, as long as some enterprises are reported to be involved in the field of new energy vehicles, the stock price will change, including the current Evergrande, whose share price has soared before the model has been unveiled. As long as the news comes out, it will stimulate the rise of the stock price. And Xiaomi, which is also a mobile phone company, was also rumored to enter the car-building field a few days ago, but Xiaomi still denied it. Even though Apple has been repeatedly rumored to transform the car-building industry, Apple has never responded positively.

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Perhaps for capital, car-building is a bottomless pit that consumes a lot of money, and companies are not willing to make it public until the results are really realized. after all, they have been in research and development, but they cannot achieve mass production of models. Or become the previous "Faraday future", people spurned and affected the development of the enterprise.

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