Huawei to Devote $1 Billion to Smart-Vehicle Sector in Bid to Weather US Sanctions
Chinese telecom giant Huawei announced on Monday that it will invest more than $1 billion in researching and developing self-driving and electric vehicles this year, joining the likes of Tesla, Xiaomi and Baidu to angle for a piece of the world’s largest automotive market.
“The smart car business unit receives one of the highest investmen…
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