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Huawei to Invest $1 Billion on Car Tech It Says Surpasses Tesla

  • Rotating chairman says will be selective in choosing partners
  • Huawei’s one of a coterie of tech giants targeting car arena
Inside the MWC Shanghai Exhibition
Photographer: Qilai Shen/Bloomberg
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Huawei Technologies Co. will invest $1 billion on researching self-driving and electric-car technologies, accelerating plans to compete with Tesla Inc. and Xiaomi Corp. in the world’s biggest vehicle arena.