Earlier today, Huawei announced its financial report for last year, where it revealed its modest growth of 3.2 percent of net profits in 2020. The company even addressed the recent rumors regarding it working on building its own car, which it said again is not the case.
As per the Chinese tech giant, the company is working on smart connected vehicles, but is not building its own car. Rather, it will be helping other automobile manufacturers in building smart connected vehicles. Furthermore, the company also announced that it would also be working on developing next gen computing and communication based technologies. These products will be used in smart connected vehicles, with the company planning on launching more than 30 of smart components.
These components will be launched soon and will arrive one after another. The company also announced that it has plans on working with more than 20 hardware makers and 280 application vendors. Notably, it has also announced that it will launch its proprietary HarmonyOS (also known as HongMengOS in China) for smartphones soonHuawei Mobile Services) is also the world’s third largest mobile application ecosystem.
For those unaware, the company is aiming to leverage its communications and mobile services expertise. We had previously also reported on the company working on diversifying to the automobile industry through its HiCar initiative
- Huawei sees 3.2 percent rise in profits in 2020, while revenue declines outside of China
- Huawei P50 could be delayed till June; HarmonyOS for smartphones to get released in April
- Huawei to release HarmonyOS Beta 3 later this month; stable version coming in April
- Poll of The Week: Are you still interested in Huawei flagships after the ban?
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