Huawei Pours $11.7 Billion Into Autonomous Driving Technology
Huawei Technologies plans a major investment of $11.7 billion over five years to strengthen its smart driving system leadership in China. This massive expenditure will boost computing power for training and testing its semi-autonomous autopilot systems.
Adamant about retaining its runaway lead in supplying smart driving systems in China, Huawei Technologies plans to invest as much as 80 billion yuan (US$11.7 billion) over the next five years to boost computing power essential for training and testing semi-autonomous cars. The massive capital expenditure would enhance the reliability of cars fitted with the Huawei Qiankun ADS autopilot system, as the Shenzhen-based tech giant looked to expand its customer base, said Jin Yuzhi, CEO of Huawei’s...