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  • it's known as a maker of smartphones.

  • But two years of US sanctions have battered Huawei.

  • It's had to sell one unit to keep the phone brand alive.

  • Now the Chinese giant is thinking about a big shift.

  • Reuters sources say it's planning to make electric vehicles some models could even launch this year.

  • The sources say it's in talks with firms, including state owned Changan Automobile, which has already tested its own self driving vehicles.

  • Huawei reportedly wants to use their factories to build its cars.

  • The company has denied the reports, saying it just wants to work with automakers on in car technology.

  • But three sources say it has already started designing EVs and approached suppliers.

  • None of the automakers mentioned by the sources would comment, but shares in Champions Main listed unit surged as much as 8% after the Reuters report.

  • Huawei may not be the only tech firm to pivot into cars.

  • Apple is reported to be planning an electric vehicle, which could launch as soon as 2024.

  • Shares in Kia jumped 3% Friday after South Korean media reports said it might build the car.

  • Meanwhile, iPhone assembler Foxconn said this week it was teaming up with US startup and would be Tesla arrival.

it's known as a maker of smartphones.

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B1 huawei launch unit reuters planning electric

China's Huawei, reeling from U.S. sanctions, plans foray into EVs, sources say

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    林宜悉 posted on 2021/02/27
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