Huawei reportedly sees $1.4 billion sales from car business · TechNode

Huawei reportedly sees $1.4 billion sales from car business · TechNode

2024-07-20 08:22:35

Huawei’s revenue from its car business unit more than doubled to almost RMB 10 billion ($1.38 billion) in the first half of 2024 from last year’s total of

Huawei has maintained its position among the top five global companies that made the highest R&D investments in 2022.
Huawei has maintained its position among the top five global companies that made the highest R&D investments in 2022. Credit: 123rf

Huawei’s revenue from its car business unit more than doubled to almost RMB 10 billion ($1.38 billion) in the first half of 2024 from last year’s total of RMB 4.7 billion, thanks to strong demand for partners’ electric vehicles. The growth was mainly attributed to a surge in deliveries of Aito-branded EVs, co-developed with its manufacturing partner Seres, 36Kr reported on Wednesday, citing people familiar with the matter. Little-known automaker Seres reported sales of new energy vehicles, which refers to all-electrics and plug-in hybrids, of roughly 194,200 units in the first six month of this year, compared with 151,798 units for all of 2023. Aito on June 26 announced that it received more than 100,000 non-refundable RMB 5000 ($688) deposits for the M9, a $65,725 luxury sports utility vehicle launched in December. The joint brand achieved the same milestone for its M7 crossover last November, two months after the launch, TechNode has reported. [36Kr, in Chinese]