China is the world's biggest and most rapidly electrifying auto market AFP/Hector RETAMALSHANGHAI: Thought your smartphone was taking over your life? Your car may be next as Chinese firms lead a Big Tech stampede into auto manufacturing in their battle for more consumers.
The first major auto industry gathering of the year opens to the public on Wednesday with the global sector looking to China - the world's biggest and most rapidly electrifying auto market - to lead the way into a post-pandemic future. The electric vehicle sector has seen a stampede of tech giants, including major Chinese firms AFP/Hector RETAMALXiaomi, which has rapidly become one of the world's biggest smartphone suppliers, plans to invest US$10 billion over the next decade in a smart EV subsidiary, and Huawei will invest US$1 billion this year.
Huawei has realised its current"market limitations", said Chen Yusheng, chief technology officer for procurement analysis firm Shanghai Autodatas Co.
IT IS A NICE NEWS
stolen enough technology from Tesla? Elon Musk is an idiot 😂
👏
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