Huawei is not a carmaker — it wants to be Bosch of China

Staff Correspondent

22 April, 2021 12:00 AM printer

Huawei is not a carmaker – it wants to be the Bosch of China,  the company’s rotating chairman Eric Xu reiterated recently at the firm’s annual analyst conference in Shenzhen, said a press release.

One after another, Chinese tech giants have announced their plans for the auto space over the last few months.

Some internet companies, like search engine provider Baidu, decided to recruit help from a traditional carmaker to produce cars.

Xiaomi, which makes its own smartphones but has stressed for years it’s a light-asset firm making money from software services, also jumped on the automaking bandwagon.