{
}
Nvidia has recognized Huawei as one of its top competitors for the second consecutive year, despite Huawei being blacklisted by the US. Following a significant revenue drop in 2021, Huawei rebounded with the launch of its Mate 60 Pro in 2023 and achieved record growth with the Mate 70 series in 2024, reaching 860 billion yuan.
Huawei led China's smartphone market in January, benefiting from a government subsidy scheme that boosted sales by 17% year-on-year. Vivo and Xiaomi followed, with the top three brands accounting for 54% of nearly 29 million units sold. The subsidy program, which offers a 15% discount on eligible devices, is expected to further stimulate growth in the first quarter.
Chongqing Changan Automobile Company Limited, one of China's largest automotive manufacturers, has partnered with Huawei to develop new car models. In 2023, the company sold 3 million vehicles across various brands, with 86.4% of its net sales generated in China. The company also engages in engine manufacturing and related services.
Huawei has made a remarkable comeback, achieving over 860 billion yuan in revenue by 2024, despite U.S. sanctions. The launch of the Mate 60 Pro, featuring advanced semiconductors, and the Mate 70 series with HarmonyOS NEXT, underscores its strategic pivot towards self-reliance and innovation in the tech industry. As rivals reassess their strategies, Huawei's resilience and adaptability signal a significant shift in the competitive landscape.
Xiaomi's founder and CEO, Lei Jun, has become China's richest person, with his wealth estimated at approximately 440 billion yuan (around US$60.6 billion) following a nearly 6% increase in the company's shares, raising its market value to over HK$1.4 trillion (around US$180 billion). His fortune is primarily attributed to a 24.2% stake in Xiaomi, valued at around 341.2 billion yuan (around US$46.99 billion), and a 51% stake in Shunwei Capital. Analysts remain optimistic about Xiaomi's growth, with Goldman Sachs raising its stock price target from HK$38 to HK$58.
Chinese stocks are increasingly viewed as essential in global equity portfolios, trading at nearly a 20% discount compared to emerging market equities. These emerging markets themselves are valued at over a 45% discount relative to US stocks, based on a 12-month forward price-earnings ratio.
Huawei's Ascend 910C chip has achieved yield rates of up to 40%, doubling from the previous year, and is set to produce over 100,000 units by the end of 2025. This advancement positions Huawei to compete directly with NVIDIA's H100 AI GPU, aiming to disrupt the market and expand its AI chip applications beyond low-to-mid workloads. The company plans to develop in-house software to challenge NVIDIA's dominance in the Chinese market.
Hongqi has launched the Tiangong 05, an all-electric mid-size sedan, starting at $22,020. Available in four variants, it features 62 kWh and 85 kWh battery options, offering a CLTC range of up to 750 km. The vehicle accelerates from 0 to 100 km/h in 6.8 seconds and supports fast charging, reaching 80% in just 20 minutes.
China's retail sales of new energy vehicles (NEVs) reached 445,000 units from February 1-23, marking a 16% decline from the previous month but a 77% increase year-on-year. Overall passenger car sales totaled 924,000 units, down 30% month-on-month, with NEV penetration at 48.16%. Cumulative NEV sales for the year stand at 1.189 million units, up 29% from last year.
Avatr Technology and Huawei Technologies have enhanced their partnership in smart electric vehicle development, transitioning to the Huawei Inside Plus model. This collaboration involves Huawei participating in the entire development cycle of new models, with a joint project team of around 300 employees. Avatr aims to achieve monthly break-even this year and has set a sales target of 220,000 units, including 15,000 for international markets.
Chinese Yuan
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
nvidia recognizes huawei as top competitor amid us restrictions and recovery
11:04 27.02.2025
government subsidies drive surge in china smartphone sales led by huawei
10:30 27.02.2025
changan automobile partners with huawei to create new vehicle models
10:11 27.02.2025
huawei's remarkable comeback reshapes global tech landscape and challenges competitors
08:06 27.02.2025
Xiaomi founder Lei Jun becomes China's richest person amid stock surge
Chinese Yuan
United States Dollar
Hong Kong Dollar
The Goldman Sachs Group, Inc.
CHN
Lei Jun
Zhang Yiming
07:57 27.02.2025
Chinese stocks seen as essential for global equity investment strategies
17:59 26.02.2025
Huawei's Ascend 910C Chip Achieves High Yield Rates to Compete with NVIDIA
14:45 26.02.2025
hongqi unveils tiangong 05 all electric sedan with impressive range options
11:34 26.02.2025
China's NEV sales decline in February despite year-on-year growth
10:49 26.02.2025
Avatr and Huawei enhance collaboration for smart vehicle development
Chinese Yuan
Contemporary Amperex Technology Co. Ltd.
Huawei Technologies CO. Ltd.
CHN
Chen Zhuoxuan
06:38 26.02.2025
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Retail and Consumer Goods
Startups & Entrepreneurship
CEO Changes
Financial Scams and Security
Banking Regulations
Global Financial Events
Finance Mergers & Acquisitions
Market Analysis and Predictions
Workplace Trends
Central Bank Actions
Hedge Funds & Private Equity
Industry Mergers & Acquisitions
Global Trade Developments
Government Economic Policies
Corporate Social Responsibility
AI Innovations
Supply Chain Management
Countries:
Companies:
Wells Fargo & Company
Bank of America Corporation
The Goldman Sachs Group, Inc.
Tesla, Inc.
Barclays PLC
NatWest Group plc
Apple Inc.
JPMorgan Chase & Co.
Lloyds Banking Group plc
Mastercard Inc
Visa Inc.
Santander UK plc
Morgan Stanley
Mercedes-Benz Group AG
Amazon.com, Inc.
OpenAI ERC USD
Tiktok USD
DoorDash, Inc.
Deliveroo plc
Nissan Motor Co., Ltd.
Currencies:
United States Dollar
British Pound Sterling
Chinese Yuan
Swiss Franc
Euro
Japanese Yen
Indonesian Rupiah
Indian Rupee
United Arab Emirates Dirham
Singapore Dollar
Qatari Riyal
South Korean Won
Jordanian Dinar
Brazilian Real
Offshore Chinese Yuan
People: