The Chinese tech giant seems serious about establishing itself as a major player in the automotive industry.
Huawei has announced that it will invest US $ 1 billion (AU $ 1.3 billion) in the development of electric and autonomous vehicles over the next decade.
As previously stated by Car board, the Chinese technology company and mobile phone giant has hired a number of companies to co-develop its own vehicles, including BAIC Group, Chongqing Changan Automobile and Guangzhou Automotive.
Huawei was forced to expand the scope of its operations in 2020, following the decision of the administration of US President Donald Trump to strongly sanction local exploits over espionage and national security concerns.
Along with automotive development, billionaire founder Ren Zhengfei has also diversified into agricultural technology and healthcare in the past 12 months.
The move reflects recent moves by Apple to continue its own autonomous electric vehicle program.