TapTechNews September 27th news, Xu Zhijun, the rotating chairman of Huawei, mentioned in an interview with Finance and Economics that Only by confirming that Huawei will not build cars in the long term can it reach this step of Yinwang..
According to TapTechNews reports, in January 2024, Shenzhen Yinwang Intelligent Technology Co., Ltd. was established and wholly owned by Huawei Technologies Co., Ltd. In August, Avita Technology and SERES successively invested in Yinwang, each holding 10% of the shares.
Huawei announced that the positioning of Yinwang is an intelligent automotive parts supplier with diversified shareholders, and later Huawei will load the main business and personnel of the Vehicle BU into Yinwang.
The Chinese automotive industry has no advantage in the era of fuel engines. 'Software-defined cars' is an opportunity for lane-changing overtaking and also an opportunity for Huawei. Xu Zhijun emphasized: From the earliest establishment of the vehicle networking laboratory to the later establishment of the Vehicle BU to the current Yinwang. We have been working hard in this direction.
In response to the question of Why does the independence of Yinwang equal 'Huawei does not build cars'?, Xu Zhijun replied: No matter how good the cars built by Huawei are, at best, they are like mobile phones, accounting for only ten to twenty percent of the share. But after doing it, our Yinwang can only serve ourselves, and maybe we have to build a car manufacturing plant, which is redundant construction again.