Photo courtesy of Yonhap News

 

[Alpha Biz= Paul Lee] Huawei announced plans to invest up to CNY 80 billion (approximately USD 17 billion) over the next five years to strengthen its autonomous driving capabilities.

Speaking at the “Qiankun Technology Conference” in Beijing, Jin Yuzhi, CEO of Huawei’s smart car solutions unit, said autonomous driving requires sustained long-term investment and revealed that the company will allocate CNY 18 billion to R&D in smart driving technologies this year alone.

Huawei aims to enhance the performance and reliability of its “Qiankun” autonomous driving system and solidify its position in the smart mobility market.

The company is also accelerating data accumulation, a key factor in autonomous driving development. Huawei said its platform has surpassed 10 billion kilometers in cumulative driving data and is currently deployed across 50 vehicle models from 25 Chinese automakers, with about 1.7 million vehicles sold.

Industry experts identify Tesla as Huawei’s main global competitor, particularly in terms of real-world driving data.

While Chinese firms remain competitive in the domestic market, Tesla continues to lead globally, according to industry analysts.

China has also supported market expansion by conditionally allowing Level 3 autonomous vehicles, where drivers must remain ready to intervene when prompted by the system.

 

 

 

 

AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)