Chi Linchun said Huawei does not build cars because of multiple considerations. Chi Linchun revealed that Huawei’s ICT (information and communication technology) business has huge commercial interests in Europe, and Germany is a very important market. The automobile industry is Germany’s pillar industry. If Huawei builds a car, it will directly compete with local car companies.
Chi Linchun also pointed out that cars are different from mobile phone terminals. At present, Huawei does not have the ability to build cars, and will not hold or invest in any auto companies. Huawei issued a statement on May 24 to reiterate that it will not build cars, stating that “Huawei does not build cars. This long-term strategy has been clear in 2018 and there has been no change.”
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Huawei said at the time that it has not invested in any car companies so far. In the future, it will not invest in any auto companies, nor will it hold or participate in shares. In the future, all discussions that Huawei builds cars or participates in the auto manufacturing industry are rumors and should not be trusted.
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