Mar 18, 2024 08:45 PM
Huawei Smart Car Boss Predicts Unit Will Turn a Profit This Year
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Yu Chengdong, chairman of Huawei’s smart car unit, speaks Saturday at a forum hosted by China EV100, an electric-vehicle industry group. Photo: China Electric Vehicle 100 Forum (2024)
Huawei Technologies Co. Ltd.’s (华为技术有限公司) smart car boss has predicted that the unit will turn a profit this year, despite its 6 billion yuan ($834 million) loss in 2023.
The unit’s Smart Selection business, one of two main models under which Huawei collaborates with automakers, ended the first three months of 2024 in the black, helping the unit near profitability during that period, Chairman Yu Chengdong said Saturday at a forum hosted by China EV100, an electric-vehicle (EV) industry group.
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