Huawei’s top management disclosed the reason for not building cars: it will have direct competition with European car companies

June 28 (Jiang Chenghua) according to the news on June 28, bu MKT, the intelligent vehicle solution of Huawei Technology Co., Ltd., and Chi Chunlin, the president of sales and service department, explained two reasons why “Huawei does not build cars”. One is that Huawei ICT (information and communication technology) has huge commercial interests in Europe, and the car manufacturers will have direct competition with local car companies; Second, it takes a lot of capital to build a car.
At the same time, Chi Chunlin also said that Huawei would not hold any of the main engine plants.
Previously, Huawei said publicly several times that it insisted on not building cars, focused on the ICT field, and became a supplier of incremental parts for smart cars to help car companies build good cars.
According to the data disclosed by Chen Lifang, senior vice president and director of Huawei in 2020, by the end of last year, Huawei had more than 13000 employees and 23 local R & D centers in Europe. In 2019, Huawei contributed 16.4 billion euros to Europe’s GDP.

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