China's Huawei, reeling from U.S. sanctions, plans foray into EVs - sources
HONG KONG/BEIJING (Reuters) - China's Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world's largest telecommunications equipment maker, battered by U.S. sanctions, explores a strategic shift.
Huawei Technologies Co Ltd is in talks with state-owned Changan Automobile and other automakers to use their car plants to make its electric vehicles (EVs), according to two of the people familiar with the matter.
Huawei is also in discussions with Beijing-backed BAIC Group's BluePark New Energy Technology to manufacture its EVs, said one of the two and a separate person with direct knowledge of the matter.
The plan heralds a potentially major shift in direction for Huawei after nearly two-years of U.S. sanctions that have cut its access to key supply chains, forcing it to sell a part of its smartphone business to keep the brand alive.
https://www.msn.com/en-us/money/companies/exclusive-chinas-huawei-reeling-from-us-sanctions-plans-foray-into-evs-sources/ar-BB1e25T3?li=BBnb7Kz
I don't think I'd buy an EV from them any more than I'd buy a Lenova computer.
