Instead, the company will focus on developing smart car technologies for use by other automakers.
The latest announcement came during the time when the Wenjie series brands were transferred to SERES, which will spend RMB 2.5 billion to acquire these assets from Huawei and its subsidiaries.
According to representatives of the Chinese brand, the company will continue to support SERES and other partners in the use of their technologies under the “Wenjie” brand.
Huawei CEO Ren Zhengfei said in 2020 that the company has no plans to produce its own cars.
Despite rumors that its own model may be developed, Huawei remains committed to its chosen strategy. The company continues to develop systems for smart cars, which are used in cars from other manufacturers such as Chery and BAIC.
Source: Ferra
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