China's Huawei To Venture Into Electric Vehicles

HONG KONG/BEIJING (Reuters) - China’s Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world’s largest telecommunications equipment maker.
Huawei Technologies Co Ltd is in talks with state-owned Changan Automobile and other automakers to use their car plants to make its electric vehicles (EVs), according to two of the people familiar with the matter.

Huawei is also in discussions with Beijing-backed BAIC Group’s BluePark New Energy Technology to manufacture its EVs, said one of the two and a separate person with direct knowledge of the matter.

The plan heralds a potentially major shift in direction for Huawei after nearly two-years of U.S. sanctions that have cut its access to key supply chains, forcing it to sell a part of its smartphone business to keep the brand alive.

Huawei was placed on a trade blacklist by the Trump administration over national security concerns. Many industry executives see little chance that blocks on the sale of billions of dollars of U.S. technology and chips to the Chinese company, which has denied wrongdoing, will be reversed by his successor.

[ATTACH=full]351802[/ATTACH]
A Huawei spokesman denied the company plans to design EVs or produce Huawei branded vehicles.

“Huawei is not a car manufacturer. However through ICT (information and communications technology), we aim to be a digital car-oriented and new-added components provider, enabling car OEMs (original equipment manufacturers) to build better vehicles.”

Huawei has started internally designing the EVs and approaching suppliers at home, with the aim of officially launching the project as early as this year, three of the sources said.

https://www.yahoo.com/finance/news/exclusive-chinas-huawei-reeling-u-060426649.html

Wameruka will not be happy about this:D

Ata BJ50 version 2.0 itakua electric
[ATTACH=full]351826[/ATTACH]

Hii inaitwa desperation. Ni kama tu ule wakati umefutwa from a big position na uko na savings kadhaa and then you panic. You want to invest in a million ventures at once.

Huawei walidinywa na Trump and now they want to be everywhere and nowhere at all. Pig farming, EV manufacturing… next utaskia they want to get into aviation na aerospace or advanced weaponry. :smiley:

And cars don’t sell as fast as a new line of smartphones… watawezana kweli?

Na vile gari ni capital intensive?

@Sambamba mmeuza Nio ngapi this year?