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Aito

Huawei’s Richard Yu said to make switch from CEO to chairman of Chinese tech giant’s consumer business group

by Anas Siddiqui
Huawei’s Richard Yu said to make switch from CEO to chairman of Chinese tech giant’s consumer business group

Yu, 54, will be replaced as chief executive at Huawei’s consumer business group by He Gang, who is currently the unit’s chief operating officer, according to a report on Wednesday …

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Tesla fails to keep up with China’s fast-growing EV sector amid escalating price war, posts declining February sales

by Anas Siddiqui
Tesla fails to keep up with China’s fast-growing EV sector amid escalating price war, posts declining February sales

Tesla’s February deliveries in mainland China, the world’s largest electric-vehicle (EV) market, failed to keep up with the overall industry amid an escalating price war. The US carmaker’s Gigafactory in …

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Huawei’s car-making partner Seres expects reduced 2023 losses, with M7 and M9 EVs paving road to profitability

by Anas Siddiqui
Huawei’s car-making partner Seres expects reduced 2023 losses, with M7 and M9 EVs paving road to profitability

Seres said it expects the final tally of its 2023 losses to fall in the range of 2.1 billion yuan (US$295.6 million) to 2.7 billion yuan, which narrowed from its …

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Huawei accelerates smart car ambitions with invitation to four carmakers to invest in Changan joint venture

by Anas Siddiqui
Huawei accelerates smart car ambitions with invitation to four carmakers to invest in Changan joint venture

Huawei Technologies is inviting four additional carmaking partners to join its new smart car joint venture, which it started with Chinese state-owned carmaker Changan Automobile, as the US-sanctioned telecommunications equipment …

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