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SAIC Motor has registered new trademarks that suggest a potential partnership with Huawei Technologies, following a significant sales decline last year. This collaboration may enhance SAIC's offerings, as automakers working with Huawei have seen increased sales, contrasting with SAIC's nearly 21% drop to just over 4 million units. The company's net profit is expected to plummet by up to 90% due to market challenges and asset impairments.
Dongfeng's eπ brand has deepened its collaboration with Huawei to enhance sales of its new energy vehicles, which currently lag behind competitors. The partnership will focus on smart car development and marketing, integrating Huawei's advanced driving assistance systems into eπ models. Additionally, Dongfeng has signed an agreement with LiDAR maker Hesai to improve vehicle safety features, indicating a strategic push to strengthen its market position.
Seres Group, in partnership with Huawei, is set to report a net profit of CNY5.5 billion to CNY6 billion for 2023, rebounding from a CNY2.45 billion loss the previous year, driven by a 97% surge in vehicle sales, particularly in its Aito brand of new energy vehicles. The Shanghai Stock Exchange has approved Seres' plan to acquire Longsheng New Energy Technology, which includes a gigafactory capable of fully automated production, enhancing the company's manufacturing stability and control.
Honor, the smartphone brand spun off from Huawei, is undergoing significant management changes following the sudden departure of CEO George Zhao Ming. The company is preparing for a public listing amid fierce competition in the Chinese smartphone market, where it has seen a 14.9% decline in shipments year-on-year. New appointments include Huawei veteran Li Jian as CEO, with further shifts in marketing and sales leadership as Honor aims to regain market share and navigate its IPO plans.
Honor, the Huawei spin-off, has undergone significant management changes, including the resignation of its CEO and CMO, as it prepares for an IPO amid fierce competition in China's smartphone market. The company faces challenges in regaining market share after a 14.9% decline in shipments last quarter, while also navigating the complexities of its association with Huawei. Despite these hurdles, Honor has seen growth in Europe and emerging markets, indicating potential for recovery.
Huawei is aiming to capture a larger share of China's AI chip market by focusing on "inference" tasks, positioning its Ascend processors as alternatives to Nvidia's GPUs, which dominate model training. The Chinese government is supporting this shift amid U.S. technology embargoes, although analysts note challenges in transitioning developers to Huawei's software. Meanwhile, domestic brands like Huawei and Xiaomi are gaining market share as competition with Nvidia intensifies.
Apple's iPhone sales in China fell by 18.2% in the December quarter, allowing Huawei to reclaim the top spot in the market. This marks the first time since the US ban that Huawei has led, with a 15.5% year-over-year sales increase driven by its Nova 13 and Mate 70 series. The broader smartphone market in China experienced its first sales decline in late 2024.
Apple's iPhone sales in China plummeted 18.2% in the December quarter, marking a significant setback in its largest market after the US. This decline allowed Huawei to reclaim the top spot in the Chinese smartphone market, with its sales rising 15.5% year-on-year, driven by the successful launch of the Nova 13 and Mate 70 series. The drop in China contributed to a global 5% slump in iPhone sales during a crucial shopping period, highlighting challenges with the latest iPhone generation's AI features, which remain largely inaccessible in the region.
In 2024, Huawei ranked #5 in U.S. patent grants, achieving 3,285 patents, a 44% increase from the previous year. Samsung and LG led the list with 9,304 and 5,156 patents, respectively, while other notable Chinese patentees included BOE Technologies at #14 and TCL Corp at #30, both showing significant growth.
Honor's CEO, George Zhao Ming, has resigned for personal reasons, with veteran Huawei executive Li Jian taking over as the company prepares for an IPO. Zhao, who led Honor since its spin-off from Huawei in 2020, expressed gratitude for his team and emphasized the toll of intense work on his health, looking forward to recovery and family time.
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