Companies in the mobile phone industry rely on electric cars. The Chinese technology company Xiaomi announced last Tuesday that it plans to invest around 10 billion dollars (more than 8,500 million euros) over the next decade in the manufacture of electric cars, with the aim of landing in the booming car market ‘zero emissions’ from China through Xiaomi Smart Electric Vehicle.
Depending on the evolution of the market, Xiaomi could end up investing a total of 100,000 million yuan (almost 13,000 million euros) in this project in just three years, according to sources close to this initiative assured Bloomberg. The company would contribute 60% of this total amount, while the rest would come from investment funds.
Thus, the Beijing firm would expand its portfolio of products from mobility, where it already offers electric scooters such as the Mi Electric Scooter 1S or the newly incorporated smart motorhome.
On the other hand, Apple He is also working to present his electric car through Project Titan. The Apple iCar is looking for a partner to support the manufacture of the vehicle. At first, it seemed that Hyundai was the chosen one, but the California firm wanted to maintain 100% of the authority of the project, a fact that led to the end of the negotiations. Later came into play Nissan and now it seems that BMW has taken center stage. Still, Apple is still looking for a completely reliable and industry-experienced travel companion.
Huawei positions itself as a supplier to the automotive industry
Another case is that of Huawei. The tech giant has established talks with two Chinese manufacturers, Changan Automobile and the BAIC Group. First is part of a joint venture with Ford for the local production of the Mustang Mach-E, while the latter builds vehicles for Mercedes and Hyundai in the Chinese market and has the backing of the government of this Asian country. The project of Huawei should be launched before the end of 2021 and at an affordable price, aimed at a mass audience, according to the Reuters agency.
In this regard, the Chinese tech giant Huawei has confirmed that it does not plan to become a car manufacturer, although the company is committed to positioning itself as a supplier of components for companies dedicated to the development of these vehicles, taking advantage of their experience and competitiveness.
“Our positioning is to be a supplier of components for smart cars,” said the rotating president of Huawei, Ken Hu, during the press conference to present the results of the company in 2020, where he underlined the competitiveness of the Chinese manufacturer in applicable areas to the development of intelligent vehicles such as the cloud, autonomous driving or energy management.
“In the future, cars will surely be electric and intelligent and it is a trend that we cannot reverse,” Hu said, adding that, although it might be thought that Huawei has lagged behind, the company “has a lot to do in this transformation of the automotive industry. “
In this regard, the executive recalled that Huawei has integrated the department of consumption and solutions for smart vehicles as part of the corporate restructuring of the company, so the investments and relevant decisions of these departments will be reviewed by the board of investment monitoring to improve decision-making in this regard and incorporate consumer input into the development of smart vehicle solutions.
“I believe that we have a great capacity for innovation, for designing products for end consumers that will be very useful for the development of intelligent vehicles and we hope to strengthen our position in this industry to be a competitive supplier of components for manufacturing companies in the automotive sector. “he added.