Source: China Plus    Published: 2021-04-14

Huawei will invest $1 billion in its auto business this year,with a focus on building components for smart vehicles, including self-driving software platforms. Rotating Chairman Eric Xu said Huawei’s autonomous-driving technology has already surpassed Tesla’s in some spheres, for instance by allowing cars to cruise for more than 1,000 kilometers without human intervention. He added Huawei will partner with three automakers initially to make self-driving cars that carry the Huawei name as a sub-brand. Huawei is piling into an already crowded pool, where automakers from U.S. leading firm Tesla to China's domestic makers Nio, Xpeng and Li Auto are battling for a slice of the world's biggest EV market.