Huawei Plans to Make EVs After U.S. Sanctions, Reuters Says
- Company is shifting strategies in response to U.S. sanctions
- Spokesperson denied the company is planning to make EVs
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Huawei Technologies Co. is planning to manufacture electric cars under its own brand, Reuters reported, as it shifts away from a consumer electronics business battered by U.S. sanctions.
The Chinese tech giant could roll out some models this year, Reuters said, citing people with knowledge of the matter. Huawei is in talks with Chongqing Changan Automobile Co. and other carmakers to use their plants to manufacture the EVs, according to the report.