Beijing (PingWest)—Huawei is merging the businesses of its Consumer Business Group (CBG) and Smart Car Solutions Business Unit (BU), according to tech news outlet 36Kr, citing persons close to Huawei’s senior management.
Currently, Huawei possesses three major BGs, namely the Carrier, the Enterprise and Consumer BGs, and two BUs—the Cloud & AI and the Smart Car Solutions.
Smart Car Solution BU was established in May 2019 and is under the management of the Information and Communication Technology (ICT) Management Committee.
The business unit focuses on five aspects, namely smart driving, smart cockpit, intelligent network, intelligent electrification and cloud services.
"Huawei will not make cars. Focusing on developing ICT technologies, Huawei will enable car manufacturers to build better smart vehicles. Having accumulated 30 years of experience in offering ICT technologies, Huawei will be an ICT component supplier for smart cars." Huawei said in an internal document issued in 2019.
“After the merger, the smart car business will be placed under the CBG's management committee, and will be led by Richard Yu, who is the CEO of CBG," the report said, citing people familiar with the matter.
According to Kearney’s data forecast, the global market for autonomous driving (including car, road, cloud, etc.) will reach $80 billion by 2025, and the market will reach $280 billion by 2030.