Huawei Drives Forward with Massive Smart-Car R&D Investment
Huawei announced a major investment of over $10 billion in smart-driving R&D over the next five years. The initiative aims to enhance its computing power, solidifying its position as a leader in China's smart EV market, and features the debut of new technologies and partnerships with various automakers.
In a bold move to dominate the smart-driving sector, Huawei is set to invest over $10 billion in research and development over the coming five years.
Jin Yuzhi, Huawei's senior vice president, announced the initiative at an event in Beijing on Thursday, underscoring the company's ambition to enhance computing power for vehicle training.
This year alone, the tech giant plans to allocate 18 billion yuan globally towards smart-driving R&D, with 10 billion yuan specifically focused on boosting computing capabilities.
(With inputs from agencies.)
- READ MORE ON:
- Huawei
- smart-driving
- invesment
- R&D
- China
- tech
- automakers
- automotive
- EV
- computing
Advertisement
ALSO READ
Diplomatic Manoeuvres: China's Strategic Moves in Myanmar
China's Naval Leap: Unveiling the Nuclear Ambitions
China Opposes EU Sanctions on Its Entities: A Strain on Bilateral Ties
Zardari's Diplomatic Push in China Amidst US-Iran Talks Speculation
Trump's Stern Stance: Economic Sanctions Tighten on Iran and China
Google News