Xu Zhijun, a rotating chairman of Huawei is on record in 2019 as saying: "If you look at the stock price of Tesla, you will know where the future of automobiles lies."
His comment was foreshadowing as to where Huawei's future business efforts may be directed, according to Nikkei. In April 2019, the company set up a "smart car solutions" segment of its auto business. Their auto business currently has 5 segments: smart driving, smart cockpit platform, intelligent network, smart electric and cloud services....
Huawei reportedly wants to become a "one-stop supplier of all software and hardware for smart cars and seeks a dominant say in the industry," Nikkei says. There will only be two or three such major players globally, the report predicts.
Zero Hedge (old news, but it's an indication of where the Chinese are setting up to compete.)
"Anything Tesla Can Do, We Can Do": Huawei Set To Become Major Competition In Electric Vehicles
Tyler Durden
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