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Huawei Revs Up Intelligent Driving Push With Software Launch

by Tradinghow
April 25, 2024
in Economy, Stock Trading
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Huawei Revs Up Intelligent Driving Push With Software Launch
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Chinese tech giant Huawei has unveiled a new intelligent driving software brand which it’s aiming to see installed in 500,000 vehicles before the end of the year.

The new brand, Qiankun, symbolising a combination of heaven and the Kunlun Mountains, plans to provide self-driving systems involving the driving chassis, audio and driver’s seat, Jin Yuzhi, CEO of Huawei’s Intelligent Automotive Solution (IAS) business unit, said during an event on Wednesday ahead of the Beijing auto show.

“2024 will be the first year for mass commercialisation of smart driving and the cumulative number of cars on road equipped with the Huawei self-driving system will top 500,000 by the year-end,” Jin said.

He also expected within a year more than 10 car models adopting Huawei’s Qiankun system would hit the market.

 

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The Shenzhen-based tech conglomerate launched its smart car unit in 2019 with the aim that it could become the equivalent of German automotive supplier Bosch of the intelligent EV era and supply software and components to partners.

Huawei said in November that the unit would be spun off into a new company which would receive the unit’s core technologies and resources and take investment from partners such as automaker Changan Auto.

It has also unveiled seven EV models in partnership with Chinese automakers so far and they are selling well, Jin said.

They include three Aito brand models under partnership with Seres, the Luxeed S7 sedan co-developed with Chery, two models with Changan Auto-backed Avatr and one with Beijing Automotive Group (BAIC)-owned Arcfox.

On Tuesday, Huawei also unveiled the S9 sedan, the first model under the premium Stelato brand it launched with BAIC.

Its diversification into EVs comes amid an intensifying price war in the world’s largest auto market, which is grappling with slowing sales momentum and deepening overcapacity concerns as more than 40 brands vie for consumer attention.

 

  • Reuters with additional editing by Sean O’Meara

 

Read more:

Huawei Takes Another Bite Out of Apple’s Market Share in China

Huawei’s China-Made 7nm Chip ‘Years Behind US’, Raimondo Says

Huawei’s New Pura 70 Phone Arrives Amid Interest in Chips

US Lawmakers’ Fury Over Huawei’s Intel AI Chip-Powered Laptop

Huawei Faces Trial in US for Iran Dealings, Trade Secrets

 

 

Sean O’Meara

Sean O’Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.





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