Huawei once again reiterated that it will not build cars: it will not invest in any car companies in the future, let alone hold shares

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According to Tencent technology news on May 24, Huawei issued a statement to reexamine Huawei’s refusal to build cars. Huawei said in a statement that this long-term strategy had been made clear in 2018 and there was no change.
Huawei said it has not invested in any car companies so far. In the future, it will not invest in any auto companies, nor will it hold shares or participate in shares. In the future, all the talk about Huawei’s car manufacturing or its participation in the auto manufacturing industry is a rumor. Don’t believe it.
The following is the original statement:
Statement on Huawei not making cars
twenty million two hundred and ten thousand five hundred and twenty-four
The company spokesperson has repeatedly clarified the untrue rumors about Huawei’s car manufacturing. Today, we reiterate that Huawei does not build cars. This long-term strategy was made clear in 2018 without any change.
We believe that what the industry needs is not Huawei’s brand cars, but Huawei’s ICT technology capabilities accumulated in more than 30 years to help automobile enterprises build future oriented cars, that is, to provide intelligent networked automobile parts based on Huawei’s ICT capabilities for automobile enterprises.
So far, we have not invested in any car companies. In the future, it will not invest in any auto companies, nor will it hold shares or participate in shares. In the future, all the talk about Huawei’s car manufacturing or its participation in the auto manufacturing industry is a rumor. Don’t believe it.
We have chosen BAIC, Changan and GAC as our strategic partners to support them in building their own sub brands. Vehicles that use Huawei’s automatic driving solution can only use the hi logo with Huawei’s authorization, representing Huawei inside.
Regarding the cooperation between Huawei and Jinkang xilis of Chongqing Xiaokang group, Huawei is the supplier of electric components and hicar cockpit components of xilis sF5. At the same time, in order to solve the survival problem of Huawei’s authorized mobile phone retail stores when Huawei’s mobile phones are greatly reduced, Huawei supports some retail stores to sell this car, and the retail stores can obtain corresponding income.