The future development direction of automobiles must be electrification and intelligence

Huawei held an online press conference today and announced its 2020 annual results. In 2020, Huawei’s global sales revenue was 891.4 billion yuan, a year-on-year increase of 3.8%; net profit was 64.6 billion yuan, a year-on-year increase of 3.2%; cash flow from operating activities was 35.2 billion yuan, basically in line with expectations.

When asked about the planning and development of Huawei’s smart cars, Hu Houkun, Huawei’s rotating chairman, said: “Cars are currently a hot topic. Huawei, as an ICT industry, is a bit outdated if it does not involve cars.

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The automotive industry has gone digital just like other industries. At the time of transformation, the future development direction of automobiles must be electrification and intelligence, and this trend will not change.”

Hu Houkun also said that for Huawei, the ICT technology and innovation accumulated over the years have much room for digitization in the automotive industry. A few years ago, Huawei had begun to invest in the field of smart cars, and gradually announced plans and strategies in the field of smart cars.

Huawei’s positioning as a supplier of smart car parts has not changed. Huawei will provide services and assistance to car companies in the areas of Internet of Vehicles, smart cockpits, autonomous driving, voice interaction, and power management.

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