Tech Insider: Huawei Takes On Tesla, Iflytek to Spin Off Health Care Arm

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Huawei gears up to take on Tesla in autonomous driving

The race to be first to develop a self-driving car and corner a potentially vast market is heating up.

Huawei Technologies Co. Ltd. entered the contest when it announced in November a new venture focusing on intelligent car systems and components. The telecom equipment giant aims to be a world-class intelligent driving leader. Meanwhile, dozens of local and global carmakers, startups and tech giants are developing and testing autonomous vehicles in the world’s largest auto market, including market leader Tesla Inc.