Huawei doubles down on autonomous driving, earmarking US$11.7b for autopilot training

Posted 7 hours ago by

South China Morning Post

Adamant about retaining its runaway lead in supplying smart driving systems in China, Huawei Technologies plans to invest as much as 80 billion yuan (US11.7 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...