Huawei's Car BU Sees Revenue Growth of About 4 Times and Shipment Growth of About 7 Times This Year
On December 19th, Huawei's Richard Yu and the CEO of Hongmeng Zhixing held an annual live broadcast to review their cooperation and look forward to future development.
According to a report by Daily Economic News today, insiders have stated that Huawei's Car BU has seen a revenue growth of about 4 times for the year, and shipments have also increased by about 7 times.
Recently, there have been reports that Huawei's Car BU plans to officially merge into Yinwang on January 1, 2025, with an expected scale of several thousand people. Insiders have revealed that some employees of Huawei's Car BU have already transferred to Yinwang, and from January 1, 2025, their salary distribution and social security will be under Yinwang.
By the end of this year, it is hoped that all assets and personnel of Huawei's Car BU will be loaded into Yinwang to achieve independent operation. There is no clear plan yet for when the second batch of investment partners will come in. It is hoped that Yinwang will become a diversified independent company. In the short term, there will be no limit to the number of partners for Yinwang, and it will continue to open equity to strategic partners." Xu Zhijun said previously.
Regarding the situation after Yinwang's independence, Xu Zhijun stated that the independence of Huawei's Car BU as Yinwang will not bring changes to the business model. Yinwang will operate independently and will continue to receive long-term support from Huawei. The new company will continue to use two core brands - Qian Kun Zhijia and Hongmeng Cockpit.
The report also stated that in Huawei's intelligent automotive solution system (i.e., Huawei's Car BU), in addition to the automotive lighting business, it also includes Qian Kun Zhijia, Hongmeng Cockpit, Qian Kun Vehicle Control, Qian Kun Vehicle Cloud Services, etc. Currently, Huawei's Car BU is continuously increasing investment and seeking cooperation with more enterprises.
According to previous reports from IT Home, Shenzhen Yinwang Intelligent Technology Co., Ltd. was officially established on January 16th. On August 20th, AITO officially announced the completion of the investment agreement with Huawei Yinwang, purchasing 10% of Huawei's stake in Yinwang for 11.5 billion yuan. On August 23rd, Seres invested 11.5 billion yuan and bought 10% of Yinwang Intelligence's shares.
