⚡Reuters: Huawei is also going to produce electric cars under its own brand

We recently wrote that Apple and Xiaomi are interested in the production of electric vehicles. And now Reuters writes that

the car market is ready to conquer another smartphone manufacturer - Huawei.

What's in the plans

Four sources told Reuters at once that Huawei plans to produce electric vehicles under its own brand. Moreover, some models may debut this year.

According to people familiar with the situation, the companyis allegedly in talks with state-owned Changan Automobile and other automakers to use their car factories to produce their electric vehicles.

According to rumors, the head of Huawei Consumer Business Group Richard Yu (Richard Yu) will be involved in the project, and electric vehicles will be aimed at the mass market segment.

“New and Challenging US Supply Restrictionssemiconductors for Huawei are gradually stifling the company. It makes sense, therefore, that the company is moving to less energy intensive industries to support its operations, ”said Dan Wang, technology analyst at research firm Gavekal Dragonomics.

Both Huawei and the automakers declined to comment.

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