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In 2024, Huawei's automotive sector flourished, achieving profitability in its Intelligent Automotive Solution Business Unit and delivering a record 49,474 vehicles in December through its Harmony Intelligent Mobility Alliance. Collaborations with major brands like BYD, GAC, and JAC Group led to the launch of innovative electric vehicles and the establishment of over 500 supercharging stations in China, solidifying Huawei's influence in the smart vehicle ecosystem.
Chinese autonomous driving startup Deeproute.ai has secured $100 million in funding, led by Great Wall Motor, while highlighting its collaboration with Nvidia. The company, which utilizes Nvidia's Orin chip and will soon adopt the Thor chip, aims to enhance its driver-assist systems without relying on high-definition maps. Deeproute currently operates in over 20,000 vehicles and anticipates significant growth in the coming year.
Great Wall Motor Co., one of China's largest independent car manufacturers, is exploring a convertible bond offering to raise up to $1 billion. The company has initiated preliminary discussions with advisers regarding this potential sale, although details remain confidential.
Great Wall Motor Company Limited
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