Huawei to Invest $1 Billion on Car Tech It Says Surpasses Tesla

Photographer: Qilai Shen/Bloomberg

Huawei Applied sciences Co. will make investments $1 billion on researching self-driving and electric-car applied sciences, accelerating plans to compete with Tesla Inc. and Xiaomi Corp. on the earth’s greatest automobile area.

Huawei’s autonomous-driving know-how has already surpassed Tesla’s in some spheres, for example by permitting automobiles to cruise for greater than 1,000 kilometers (621 miles) with out human intervention, Rotating Chairman Eric Xu instructed analysts in Shenzhen Monday.

The Chinese language telecom large will companion with three automakers initially to make self-driving automobiles that carry the Huawei title as a sub-brand, stated Xu, considered one of three executives who take turns to fill the publish. It should preserve its circle of companions small and get its brand onto automobiles — not in contrast to how Intel Corp. calls consideration to its microprocessors on PCs — that undertake its autonomous driving know-how, he added. The cellular large has thus far agreed to staff up with BAIC Group, Chongqing Changan Car Co. and Guangzhou Car Group Co.