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Huawei's Mate XT Ultimate, the first tri-foldable smartphone, has launched internationally with a starting price of €3,499 in Malaysia. While availability in other countries remains unspecified, reports suggest it may reach the Philippines in March. The device is aimed at a wealthy audience, likely limiting its sales volume.
SAIC Motor is collaborating with Huawei Technologies to launch a new electric vehicle brand named Shangjie, targeting affordability with prices between CNY150,000 and CNY250,000. The first model, codename ES39, will feature Huawei's intelligent driving systems and is set to debut in Q4 this year. This partnership aims to enhance SAIC's competitiveness and fill a gap in Huawei's product lineup for mainstream models under CNY200,000.
Huawei Technologies is offering interest-free loans for its Luxeed S7 electric sedan, aiming to boost sales after a slow start. Customers can choose between a three-year interest-free loan or a five-year low-interest option. This move follows BYD's announcement of standard smart driving technology in its models, intensifying competition in China's EV market.
Huawei's Harmony Intelligent Mobility Alliance has entered the competitive Chinese auto market with a new financing policy for its Luxeed S7, offering no interest for three years or low rates for five years, potentially saving customers up to CNY17,000. This move follows similar initiatives from other automakers like Nio, Tesla, and Xpeng Motors, all of which are engaging in aggressive pricing strategies amid a rapidly evolving landscape that emphasizes technological advancements in smart driving and AI integration. Industry experts predict that the next few years will be critical for market consolidation, with intelligent capabilities becoming essential for success.
Xpeng Motors' CEO He Xiaopeng recently met with Huawei's founder Ren Zhengfei, sparking speculation about a deeper collaboration between the two companies. This partnership, which has a history of joint projects leveraging Huawei's 5G and AI technologies, is set to enhance Xpeng's new products in 2024, including the integration of Huawei’s HiCar system in the P7+ model for improved connectivity.
SAIC Motor's shares fell 2.6% after reports emerged of a collaboration with Huawei to launch a new EV brand named Shangjie, targeting younger consumers with prices between CNY170,000 and CNY250,000. The first model is expected in Q4, based on an existing SAIC design, integrating Huawei's technology. Despite a significant sales decline last year, SAIC is moving forward with this partnership as competition in the EV market intensifies.
Huawei reported a remarkable revenue increase of 22% in 2024, reaching 860 billion yuan, driven by a resurgence in smartphone sales and growth in its smart vehicle solutions. The company regained its position as the top smartphone brand in China, capturing an 18.1% market share, and surpassed Samsung in the global foldable smartphone market. Despite ongoing U.S. sanctions, Huawei's strategic pivot to local technology and its HarmonyOS operating system are key to its recovery and expansion efforts.
The global 6G market is projected to exceed USD 159.54 billion by 2035, driven by advancements in satellite communication and the integration of technologies like AI and IoT. Key players include Intel, Huawei, and Cisco, with North America expected to lead market growth amid challenges like standardization and high infrastructure costs.
Huawei's Watch D2 has gained popularity in China by being registered as a medical device, allowing consumers to use medical insurance for purchases. This has led to high demand, with some pharmacies requiring pre-orders due to limited availability. In contrast, Apple Watches do not have this status in China, forcing consumers to pay out of pocket.
Huawei reported a 22% revenue increase in 2024, reaching 860 billion yuan, driven by a resurgence in smartphone sales and growth in its smart vehicle solutions. The company regained its position as the top smartphone brand in China, capturing 18.1% of the market, and surpassed Samsung in the foldable smartphone segment. Despite challenges from U.S. sanctions, Huawei's HarmonyOS is pivotal for its overseas smartphone ambitions, as it seeks to recover its global presence.
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