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Huawei to invest more in intelligent vehicles

Business Desk | Published: 23:41, Apr 12,2021

 
 

To boost business resilience, Huawei will strengthen its software capabilities and invest more in businesses that are less reliant on advanced process techniques, as well as in components for intelligent vehicles.

Huawei rotating chairman Eric Xu made the announcement at the 18th Global Analyst Summit in Shenzhen on Monday.

More than 400 guests, including industry and financial analysts, key opinion leaders, and media representatives, joined the event on-site, along with analysts and media representatives from around the world who attended online.

This announcement has come after the recent disclosure of the financial report of 2020, where the company saw comparatively slower growth than previous years.

Huawei will also emphasise maximisation of 5G value and defining the 5.5G, provision of a seamless, user-centric, and intelligent experience across all user scenarios, innovation to reduce energy consumption for a low-carbon world and addressing of supply continuity challenges.

‘Moving forward, we will continue to find ourselves in a complex and volatile global environment. A resurgence of COVID-19 and geopolitical uncertainty will present ongoing challenges for every organisation, business, and country. So we will keep innovating and driving digital transformation forward with our customers and partners to bring digital to every person, home, and organization for a fully connected, intelligent world,’ Xu stated.

The first Huawei Global Analyst Summit took place in 2004 and has been held annually ever since.

This year’s summit tilted ‘Building a Fully Connected, Intelligent World’ is being held in April 12-14, with several sessions where industry experts from around the world will share their unique insights and discuss future trends.

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