Huawei to invest more in car tech

Localised global ICT solutions provider Huawei will invest more in components for intelligent vehicles. 

The Chinese telecom giant's Rotating Chairman Eric Xu announced this at the 18th Global Analyst Summit in Shenzhen on Monday. 

The announcement came after the recent disclosure of the financial report of 2020, where the company saw comparatively slower growth than previous years.

"Moving forward, we will continue to find ourselves in a complex and volatile global environment. A resurgence of Covid-19 and geopolitical uncertainty will present ongoing challenges for every organisation, business, and country," Xu said.

"We believe deeply in the power of digital technology to provide fresh solutions to the problems we all face. So we will keep innovating and driving digital transformation forward with our customers and partners to bring digital to every person, home, and organisation for a fully connected, intelligent world." 

The first Huawei Global Analyst Summit took place in 2004 and has been held annually ever since.

This year's summit, "Building a Fully Connected, Intelligent World," will run from April 12 to 14 with several breakout sessions where industry experts from around the world can share their unique insights and discuss future trends, read a press release.