Huawei to invest $2.63 billion on R&D in smart driving technologies
Huawei to invest $2.63 billion on R&D in smart driving technologies
ReutersThu, April 23, 2026 at 11:48 AM UTC
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Visitors look at electric vehicles (EV) displayed outside the venue before Huawei's Automotive Technology Conference in Beijing, China April 23, 2026. REUTERS/Florence Lo
BEIJING, April 23 (Reuters) - Huawei Technologies will invest 18 billion yuan ($2.63 billion) on research and development into smart driving technologies globally including 10 billion yuan on computing power for training, a senior executive said on Thursday. In the next five years, Huawei will invest 70-80 billion yuan on computing power, Jin Yuzhi, Huawei's senior vice president, said at an event in Beijing ahead of the country's largest auto show starting on Friday. The company also launched its latest Qiankun ADS advanced driving assistance system.
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($1 = 6.8346 Chinese yuan renminbi)
(Reporting by Zhang Yan and Florence Lo; Editing by Sharon Singleton)
Source: “AOL Breaking”
