IEN Radio

Huawei Could Acquire Automakers

May 05, 2021 Eric Sorensen
IEN Radio
Huawei Could Acquire Automakers
Chapters
IEN Radio
Huawei Could Acquire Automakers
May 05, 2021
Eric Sorensen

Huawei is one of the world’s most prominent consumer electronics and telecommunications companies.

It’s also the first global tech giant to emerge from China — a fact that put a target on its back from governments wary of Beijing’s influence and motives. The U.S., in particular, imposed sanctions that prevented the company form using U.S.-made technology — including Google’s Android platform — and put pressure on its allies to look elsewhere for high-tech telecom gear.

With its global market share in jeopardy, Huawei has increased its focus on the Chinese market, but it’s also apparently looking for other revenue options. The company recently announced plans to supply vehicle operating systems to three Chinese automakers, but it reportedly has even more interest in the automotive sector.

Reuters, citing people with knowledge of the matter, reports that Huawei is in talks to assume control of a pair of Chinese electric vehicle operations.

Show Notes

Huawei is one of the world’s most prominent consumer electronics and telecommunications companies.

It’s also the first global tech giant to emerge from China — a fact that put a target on its back from governments wary of Beijing’s influence and motives. The U.S., in particular, imposed sanctions that prevented the company form using U.S.-made technology — including Google’s Android platform — and put pressure on its allies to look elsewhere for high-tech telecom gear.

With its global market share in jeopardy, Huawei has increased its focus on the Chinese market, but it’s also apparently looking for other revenue options. The company recently announced plans to supply vehicle operating systems to three Chinese automakers, but it reportedly has even more interest in the automotive sector.

Reuters, citing people with knowledge of the matter, reports that Huawei is in talks to assume control of a pair of Chinese electric vehicle operations.