From smartphones to smart cars: Huawei reinvents itself as an electric car retailer

(Image credit: DriveSpark)

Chinese telecoms giant Huawei is planning to sell cars in 200 stores by the end of July, and will expand to more than 1,000 stores by the end of the year. Huawei has been looking at other sources of revenue since US sanctions and the global chip shortage decimated its smartphone business, leading to a recent announcement that it would stop making budget smartphones.

In the first quarter of 2021, Huawei's revenue was down a 16.5% year-on-year. Its network business had maintained steady growth, but consumer business revenue had declined, in part as a result of selling the Honor smartphone brand in November 2020.

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Laurence McJannet

Laurence is an NCTJ-trained journalist with nearly 20 years' editorial experience gained on a wide range of publications, from The Beirut Times in Lebanon to The Sunday Times, and including recent freelance engagements with Future's cycling and automotive portfolios, Outdoor Fitness, and The English Home. He has recently been undertaking a sports broadcast journalism MA at Southampton Solent, gaining valuable TV and radio experience, and am currently videographer for Frome Town FC soccer team. He is the author of Bikepacking (Wild Things Publishing, 2016).