HUAWEI Opts Out of Producing Its Own Cars

HUAWEI seems to be adhering to the old adage, “in a gold rush, it’s better to sell shovels,” as the company has decided not to enter the automobile manufacturing race. Instead, HUAWEI will continue to supply its advanced technologies to other car manufacturers.

According to recent reports, HUAWEI plans to sell its “Wenjie” (Aito) trademark series and related assets to the Chinese automaker Seres for 2.5 billion yuan (approximately $350 million). Despite this sale, HUAWEI has stated that it will continue to provide technological support for products under this brand.

Previously, HUAWEI had similarly sold trademarks to other local car manufacturers, including Chery and BAIC. In 2020, the company’s CEO, Ren Zhengfei, openly declared that HUAWEI had no plans to produce its own vehicles.

By choosing this path, HUAWEI avoids the highly competitive automotive market, particularly intense in China, and focuses on offering its hardware and software solutions to other manufacturers.

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